Original article by David Marin-Guzman, Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 13-Mar-19
The ACTU will seek a six per cent increase in the minimum wage in 2019, followed by a 5.5 per cent rise in 2020. This equates to an increase of about $72.80 a week over two years, to almost $42,000 a year. ACTU secretary Sally McManus says the current minimum wage condemns many people to living below the poverty line. The Fair Work Commission rejected the ACTU’s push for a 7.2 per cent rise in the minimum wage in 2018, warning that such a large increase would result in many low-income workers losing their jobs or having their hours of work reduced.
ACTU, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIAN LABOR PARTY, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB