(At least) 2.6 million Australians are set for a wage rise from July 1

Add this to the tax cuts being given to Australians from July 1 and the fiscal impulse is red hot.Australia's Fair Work Commission’s annual wage review decision is today, Monday, 3 June 2024the annual wage decision affects minimum and award wage earners, or about one in five workersan increase of between 3.5% to 4% to the current minimum of A$23.23 an hour is expectedThe decision is expected within the next 2 hours. *More money in pockets will be another challenge to the RBA trying to deal with sticky high inflation. This article was written by Eamonn Sheridan at www.forexlive.com.

Jun 3, 2024 - 06:05
0
(At least) 2.6 million Australians are set for a wage rise from July 1

Add this to the tax cuts being given to Australians from July 1 and the fiscal impulse is red hot.

Australia's Fair Work Commission’s annual wage review decision is today, Monday, 3 June 2024

  • the annual wage decision affects minimum and award wage earners, or about one in five workers
  • an increase of between 3.5% to 4% to the current minimum of A$23.23 an hour is expected

The decision is expected within the next 2 hours.

*

More money in pockets will be another challenge to the RBA trying to deal with sticky high inflation. This article was written by Eamonn Sheridan at www.forexlive.com.

Read More