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7% increase ACTU says will hurt small businesses: ACCI president
McKellar He does not want to see the ACTU’s demand for a 7% increase in the minimum wage implemented because, he says, it will be small businesses that suffer from the inflationary effects of injecting an additional $14 billion into the economy:
A 7% increase — which the ACTU was arguing — would add about $14 billion in cost to the supply chain. It would hurt small businesses, the most vulnerable.
A 3.5% minimum wage increase would be “reasonable,” says ACCI’s CEO
What does the Australian Chamber of Commerce and Industry think the Fair Work Commission should decide on minimum wage rates?
their CEO, Andrew McKellarHe told ABC News Breakfast:
We have applied for a 3.5% increase in grant rates.
Further, of course, employees will receive another 0.5% in the pension from July 1 of this year.
We think that’s fair. We think it’s reasonable.
We think it’s part of the equation to get inflation under control, and ultimately it’s the thing that will ensure that those most vulnerable in the workplace can start to raise their standards of living again.
The Fair Work Commission will broadcast the outcome of the pay review online at 10am AEST today.
Good morning! thanks for the Stuart MacFarlane to start things off. I Natasha May And I’ll keep you updated on the live news all day into the afternoon.
Fair Work Commission to disclose minimum wage increase
A bit more on the Fair Work Commission’s increase to the minimum wage:
Westpac economists expected an average wage increase of 4.6%. But ANZ experts believe there will be a 7% nominal increase in the national minimum wage in line with headline inflation:
For the recent granted minimum wage, we would expect a smaller but significant nominal increase of 5 to 5.5%.
cashier, Jim ChalmersHe said:
We will respect any decision made by the independent referee.
But the Albanian government will always do what it can to support the wages of workers, especially the lowest paid workers in our economy.
The country’s largest business network, the Australian Chamber of Commerce and Industry, says there should be a “cautious and measured” wage increase of 4%. This would raise the minimum wage to $841.04 per week, with 3.5% going to ordinary earnings and 0.5% going to the expected increase in pensions from July 1st.
The ACTU argued for an increase of 7%, or about $57 per week for a full-time worker over the minimum wage.
Advocates have found that online gambling laws in Australia lag far behind the global pack
New research shows that Australia lags behind Europe and other parts of the world in regulating online betting, Josh Taylor He writes in Exclusive.
According to an analysis by the Gambling Reform Coalition, Australia lags far behind countries such as Belgium, the Netherlands, Germany, Italy and Spain in limiting online gambling or gambling advertising.
A report on a parliamentary inquiry into online gambling and its related harms is due in the coming weeks. The Chairman of the Committee is the Labor Representative Peta MurphyHe previously said that the survey’s final report will take into account “what other jurisdictions have and are doing to reduce the harm of gambling.”
Read more here:
Welcome
Good morning, and welcome to our ongoing news coverage of all things Australian politics and politics. I Stuart MacFarlaneBy, with a look at this morning’s top breaking stories Natasha May takes the controls.
Implications of yesterday’s ruling in the Ben Roberts Smith defamation case It continues, as the Australian War Memorial faces calls to remove Roberts Smith’s uniform from display.
In a landmark defamation case decided Thursday, Justice Anthony Psanco It was found that, on the balance of probabilities, Roberts-Smith kicked a handcuffed prisoner off a cliff in Drouane in 2012 before ordering a subordinate Australian soldier to shoot the injured man.
Psanco also found that in 2009 Roberts Smith ordered the execution of an elderly man found hiding in a tunnel in a bombed-out complex under the codename “Whiskey 108”, as well as killing a disabled man with a prosthetic leg during the same mission.
Most politicians in Canberra were reluctant to consider the ramifications of the ruling, but the Green Party called the libel ruling “an important victory for bold journalism in the public interest”.
Millions of Australians earn bonuses and minimum wages To find out how much money will be paid to them. But economists warn that an overly generous increase could increase pressure on the Reserve Bank to raise interest rates next week.
The Fair Work Commission will broadcast online the outcome of the latest wage review at 10am AEST, which is expected to affect the 2.67 million lowest paid Australians.
Last year, the committee split its decision to award a 5.2% increase to 180,000 minimum wage workers, in line with inflation at the time. Also, the ruling specified an increase of $40 per week or at least 4.6% for the 2.6 million people on higher grant rates.
The Albanian government recommended to the commission that it “ensure that the real wages of low-wage Australian workers do not fall”.
With inflation running at 6.8% in the year to April, this would require a wage increase of at least 6.9%.
Prime Minister Anthony Albanese, will Delivering the keynote address at a major regional security forum in Singaporebefore traveling to Vietnam.
The speech to be delivered before the likes of the US Secretary of Defense, Lloyd Austinand senior Chinese defense officials tonight, as his most important global security speech this year.
Convened by the International Institute for Strategic Studies, the Shangri-La Dialogue is the premier forum for government leaders and experts to discuss regional security.
Albanese said he would outline Australia’s “vision of achieving stability, peace and prosperity in the Indo-Pacific”.
With all that said, let’s get started…
