New Minimum Wage Rise to Devastate Business Community: Australian Industry Groups

New Minimum Wage Rise to Devastate Business Community: Australian Industry Groups
A Chemist Warehouse employee holds a sale signage in Melbourne, Australia, on Dec. 26, 2021. Diego Fedele/Getty Images
|Updated:

Australian industry groups have warned that the new wave of minimum wage increases could push businesses across the country to the verge of collapse.

Under the Fair Work Commission’s latest ruling on June 15, over 2.6 million Australians will be eligible for a pay rise of $40 (US$27) per week from July 1, an increase of 5.2 percent.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
Related Topics