will get a pay rise at the start of next month after the Fair Work Commission decided to increase the minimum wage.For someone working a full-time week of 38 hours, that equates to an extra $33 per week, although as the FWC noted, the majority of minimum wage workers will receive less than that.Millions of Australians will benefit from today's increase to the minimum wage.
"They mostly work part-time hours, are predominantly women, and almost half are casual employees. They are also much more likely to be low-paid." "Modern award minimum wages remain, in real terms, lower than they were five years ago, notwithstanding last year's increase of 5.75 per cent, and employee households reliant on award wages are undergoing financial stress as a result," the commission wrote."This has militated against this review resulting in any further reduction in real award wage rates.
"We consider therefore that this increase is consistent with the forecast return of the inflation rate to below 3 per cent in 2025."It said the upcoming stage 3 tax cuts, which also begin on July 1, and other cost-of-living measures announced in the federal budget had been considered in its decision.
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