Govt Urges Aussie Wage Hike Above Inflation

0:00The federal government is urging Australia's Fair Work Commission to grant minimum and award-wage workers a pay rise above inflation this year. That's for about 2.7 million low-paid folks earning the current $948 per full-time fortnight. Officials say these hardworking people in sectors like hospitality, retail, and health care shouldn't suffer from rising living costs. Unions through the ACTU are pushing for a 5% increase, while business group ACCI wants 3.5%. This comes as the Commission reviews submissions each year before deciding on rates starting July 1st. These workers make up 1 in 5 of the workforce, but only 13% of total wages. Many are women in casual roles facing real financial strain. The government stresses they deserve, a real boost without going backwards. Inflation has climbed to 3.7% recently, and it could hit 5% by mid-year due to global tensions like the Middle East.

1:00Conflict. Last year's 3.5% rise is already losing ground against prices. The Fair Work Commission will weigh all this carefully to find a sustainable path forward that supports workers while keeping inflation in check. I'm Corey with The Story, and you've been listening to Sydney News today, AI Powered Local News.