Minimum Wage Rise Could be a Blow to Small Retailers: Group

Minimum Wage Rise Could be a Blow to Small Retailers: Group
A bookie holds money at The Melbourne Cup Carnival meeting at Flemington Racecourse Nov. 6, 2007 in Melbourne, Australia. Quinn Rooney/Getty Images
AAP
By AAP
Updated:

Some independent retailers may be forced to close because they cannot afford to pay the three percent increase in minimum wages, an employer group says.

From July 1 the national minimum wage will rise by $21.60, amounting to $740.80 a week.