MINIMUM WAGE – GOVERNMENT POLICY – AUSTRALIA

Government urges FWC caution on minimum wage increase

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Original article by Ewin Hannan
The Australian Financial Review – Page: 4 : 31-Mar-15

Unions are seeking a $A27-per-week increase in Australia’s minimum wage. The Federal Government’s submission to the Fair Work Commission has broadly supported the view of employers that such an increase would result in job losses. The Government also notes that 61.5 per cent of people who take up a low-paying job tend to leave such positions within one year. Instead, it favours addressing income inequality via the tax-transfer system

CORPORATES
AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN LABOR PARTY

Voters to decide on minimum wage

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Original article by Fleur Anderson
The Australian Financial Review – Page: 4 : 28-Jan-15

The Productivity Commission is to investigate whether penalty rates are effective and whether the minimum wage erodes jobs. Australian Treasurer Joe Hockey says that any major recommendations on minimum wages by the inquiry will be voted on at the next federal election. Research in 2013 found that there is a nearly negligible, negative impact on employment from raising the minimum wage. Some 1.5 million people receive the minimum wage

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIAN LABOR PARTY, ACTU, 2GB, MACQUARIE RADIO NETWORK LIMITED – ASX MRN, UNIVERSITY OF MELBOURNE