Minimum wage is living wage by UK standard

Original article by David A Harvey
The Australian Financial Review – Page: 7 : 5-Apr-19

The federal government has used its submission to the Fair Work Commission to argue that the minimum wage is now about 61 per cent of the median wage when the earnings of both full-time and part-time employees are taken into account. This is the benchmark used in the UK to determine that country’s living wage. In contrast, the ACTU wants a living wage to be based on the median earnings of full-time workers. The ACTU is seeking a six per cent increase in the minimum wage in 2018 and a further rise of 5.5 per cent in 2020.

CORPORATES
AUSTRALIA. FAIR WORK COMMISSION, ACTU, AUSTRALIAN LABOR PARTY, GREAT BRITAIN. LOW PAY COMMISSION, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s