Original article by Ewin Hannan
The Australian – Page: 4 : 22-May-24

The Australian Industry Group estimates that the ACTU’s push for a five per cent increase in the minimum wage would cost $7bn a year. The AiGroup says its own proposal for a 2.8 per cent minimum wage rise would cost just $3.8bn. CEO Innes Willox says the ACTU’s wage claim would boost inflation, cost jobs and ensure that interest rates stay higher for longer. ACTU president Michele O’Neil in turn contends that the peak union body’s proposed minimum wage rise would not be inflationary; she adds that workers’ real wages will go backwards if the Fair Work Commission grants the small increase that has been advocated by employers’ groups.

CORPORATES
THE AUSTRALIAN INDUSTRY GROUP, ACTU, AUSTRALIA. FAIR WORK COMMISSION