Minimum wage world’s highest

Original article by Rachel Baxendale
The Weekend Australian – Page: 2 : 13-Jul-19

Australia’s minimum wage was increased by 3.5 per cent in 2018, with the increase giving Australia the highest minimum wage in the world when adjusted for inflation and purchasing power. This is according to recent OECD figures, which do not take into account the latest three per cent increase in the minimum wage. Australian Industry Group CEO Innes Willox says the OECD figures rebut union claims that the minimum wage system needs to be overhauled, although an ACTU spokesperson contends that it is a "basic principle of fairness" that no one who works full-time should be living in poverty.

CORPORATES
THE AUSTRALIAN INDUSTRY GROUP, ACTU, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

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