Australia News

Peak Business Body Says 3.75 Percent Minimum Wage Rise ‘Acceptable’

The ACCI said while the new rate was not conducive to shoring up the Australian economy, it did not pose a substantial threat to inflation.
Peak Business Body Says 3.75 Percent Minimum Wage Rise ‘Acceptable’
A cafe worker makes coffee in Perth, Australia, on Feb. 1, 2021. Matt Jelonek/Getty Images
Alfred Bui
|Updated:
0:00

A major business peak body has said the new minimum wage increase is acceptable to Australian businesses amid the current economic situation.

On June 3, the Fair Work Commission (FWC) announced that it would lift the minimum wage by 3.75 percent from July 1, taking it from $23.23 (US$15.46) to $24.10.

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].