Millions of Australian workers will get a 3.5 per cent pay rise from July 1, following the Fair Work Commission's annual review of the minimum wage and award agreements. Inflation is currently at 2.4 per cent annually.
(I moved this to its own comment to keep the explanation above a bit more succinct.)
This is actually something that bothers me quite a lot when I’ve had discussions with Americans about minimum wage. They see this figure of US$16.12/hour and go “well Australia doesn’t really have that much higher of a minimum wage than us” or “see we don’t really need to aim for anything more than $15/hour”. When the reality is that that burger flipper at risk of being let go without cause is actually making US$21.42/hour under their industry award and has their wage increases tied to CPI so they’re never worse off year over year.
(I moved this to its own comment to keep the explanation above a bit more succinct.)
This is actually something that bothers me quite a lot when I’ve had discussions with Americans about minimum wage. They see this figure of US$16.12/hour and go “well Australia doesn’t really have that much higher of a minimum wage than us” or “see we don’t really need to aim for anything more than $15/hour”. When the reality is that that burger flipper at risk of being let go without cause is actually making US$21.42/hour under their industry award and has their wage increases tied to CPI so they’re never worse off year over year.