Union living wage an $8bn hit on bosses

Original article by Ewin Hannan
The Australian – Page: 2 : 6-Feb-18

The Australian Chamber of Commerce & Industry estimates that the ACTU’s proposal for a "living wage" would cost between $A5bn and $A8bn a year. The ACCI’s Scott Barklamb warns that fixing a living wage at 60 per cent of the median wage by 2020 would require annual increases in the minimum wage that are double the 3.3 per cent rise announced by the Fair Work Commission in 2017. He adds that the living wage proposal would result in job losses and could threaten the viability of some businesses.

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, ACTU, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF EMPLOYMENT

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