Original article by Michael Read
The Australian Financial Review – Page: 5 : 27-Feb-24

Australian Chamber of Commerce & Industry CEO Andrew McKellar says the inflation outlook means it is likely to seek a lower increase in the minimum than the 3.5 per cent rise that it advocated in 2023. The Fair Work Commission increased the minimum wage and award rates by 5.75 per cent in 2023, which was the largest increase in more than a decade. Jarden’s chief economist Carlos Cacho says the minimum wage ruling could be a key factor in the outlook for wages in 2024.

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIA. FAIR WORK COMMISSION, JARDEN AND COMPANY