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Australia proposes to raise minimum wage to tackle inflation

Prime Minister of Australia, Anthony Albaneseproposed this Friday to raise the minimum wage, which is received by some 2.2 million…

By admin , in news , at June 3, 2022

Prime Minister of Australia, Anthony Albaneseproposed this Friday to raise the minimum wage, which is received by some 2.2 million residents, as a measure to combat the high rate of inflation, the highest in twenty years.

The Albanese, who were sworn in on 23 May, announced that they had urged them to fair work commissionAn independent body that regulates wage increases, to raise the minimum hourly pay, which is currently 20.33 Australian dollars (US$14.76 or 13.72 euros).

Inflation of 5.1%

“Employees earning minimum wages are eligible for increment,” he said. AlbaneseThose who do not have direct power to determine the hike and who had promised to support a 5.1% wage hike during the recent election campaign.

Inflation, which was estimated at 5.1% exactly between April 2021 and March this year, is “putting real pressure”. budget Relatives”, the President said with reference to the cost of living and the increase in energy rates.

fair employment commission Will announce its decision before July 1, when the next financial year begins.

The Australian economy grew by 3.3% between April 2021 and March this year, while australian reserve bank It is estimated that GDP will grow by 4.5% in 2022 and is projected to grow by 2% in 2023.

Australia proposes to raise minimum wage to tackle inflation

2022-06-03 05:48:53