Increased costs will out strip wage rises for millions of Australian workers after Fair Work Australia has today delivered a disappointing increase to the minimum wage.
Despite the fact we are one of the only countries in the world experiencing economic growth and forecasting a budget surplus this year, lower paid workers aren’t seeing any benefits. The rate for Minimum Wage workers has fallen well behind the pay for average income earners over the past decade and means many simply cannot keep up with the cost of living.
The result of the annual minimum wage case today means the lowest paid workers will now earn $606.40 a week, that’s a 17 dollar weekly increase or just 45 cents more an hour. United Voice had looked for a weekly increase of 26 dollars in order to reflect the jump in price of many essential items like food, water, electricity and petrol. About 1.4 million Australian’s rely on this case to protect their living standards- that’s one in six workers, for many it’s the only way they’ll get a pay rise. An extra 45 cent an hour will not enable them to keep up with the cost of living and means they will continue to struggle.