Original article by John Slater
The Age – Page: 19 : 4-Jun-18
The minimum wage will increase by $A24.30 per week, which is significantly lower than the $A50 rise that had been advocated by the ACTU. The 3.5 per cent increase announced by the Fair Work Commission is still well above the inflation rate, and research by shadow assistant treasurer Andrew Leigh refutes the ACTU’s claim that a large increase in the minimum wage will prompt strong growth in jobs. The best way to lift the income of low-paid workers and to create jobs for the unemployed is to reduce the tax and regulatory burdens that deter businesses from hiring additional staff.
ACTU, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIAN LABOR PARTY, THE MENZIES RESEARCH CENTRE LIMITED