Aussie Workers Urge Wage Hike Amid Inflation

0:00The Australian government has urged the Fair Work Commission to grant a real wage increase for nearly 3 million workers on minimum and award wages. This would impact about 2.7 million people in industries like retail, health, and hospitality with changes set for July 1st. Inflation ease to 3.7% last month, thanks to lower fuel prices, but tensions in the Middle East could push it above 5%. Still, officials argue wages aren't fueling the price pressures and push for a sustainable boost anyway. Workplace Relations Minister Amanda Rishworth stressed that low paid workers face the biggest hits from rising costs and need this support. The Australian Council of Tradingians wants a 5% rise while business groups call for just 3.5%. Last year wages went up 3.75%, and the year before that 3.5% when inflation was lower at 2.4%. Treasurer Jim Chalmers says this fits with other helps, like tax cuts and cheaper medicines.

1:00The Fair Work Commission will weigh all this data on current and future inflation before deciding, aiming to ease the squeeze on families without. Sparking more price hikes. That wraps Sydney news today. Brought to you with AI.