By comparison, in New Zealand workers aged 16 to 19 earn 80 per cent of the minimum wage for the first six months in a job, before then progressing to the full rate. In Canada, nearly all ...
Australia’s minimum wage is set by the Fair Work Commission, the independent umpire for workplace matters, and is reviewed in June each year. Currently (as of 1st July 2024), ... National President of the United Workers Union, Jo Schofield, says ever since the 90s, workers on minimum wages have seen their wages fall further and further behind
Australian Unions will pursue a wage claim of 4.5 per cent in the upcoming Annual Wage Review. The ACTU’s claim will increase the minimum wage to $25.18 per hour, lifting the annual full-time rate by $2,143 to $49,770.
The National Minimum Wage applies to employees not covered by an award or registered agreement. This is the minimum pay rate provided by the Fair Work Act 2009 and is reviewed each year. As of 1 July 2024 the National Minimum Wage is $24.10 per hour or $915.90 per week.
What is the minimum wage in Australia? The National Minimum Wage is the minimum hourly rate you can be paid for the work you do, regardless of your job or industry. As of 1 July 2024 the minimum wage is $24.10 per hour. This equates to $915.90 per week (for a standard 38 hours work week) and $47,627.06 per year (52 weeks).
The gap between a country’s minimum wage and people on middle incomes is called the ‘minimum wage bite‘. If a country scores highly, it means workers on the minimum have better-paying jobs. Although Australia’s minimum wage bite used to be above 60 per cent, by 2021 it had fallen as low as 51 per cent.
The Australian Workers' Union (AWU) is one such example, campaigning for increases to the minimum wage, which is currently $24.10 per hour or $915.90 per week for a 38-hour workweek. The AWU provides assistance to employees who believe they are not being paid correctly, particularly in cases where the employer is paying less than the national ...
A 7% wage increase would lift the minimum hourly rate to $22.88 and the minimum annual full-time rate by $2966 to take it to $45,337.28. The ACTU submission argues that workers who rely on the minimum wage and award wages have suffered substantial real pay cuts – the greatest on record – over the past two years.
It’s not a matter of affordability either – for some perspective, the Commonwealth Bank of Australia posted $10 billion in profit last financial year: it could pay for the entire union wage claim for 2.9 million workers of 5% and still be one of the most profitable businesses in the country. The Irrelevance of Minimum Wages to Future Inflation
The FWC's decision, handed down on Wednesday, will see the minimum wage lift from $20.33 per hour ($772.60 per week) to $21.38 per hour ($812.60 per week) or the equivalent of an extra $40 to the ...
Over 2.6 million workers on minimum and award wages could get a new minimum hourly rate of $22.88, if granted. In its 2022 decision, the Fair Work Commission raised the minimum wage by 5.2 per cent.
6. Workers should be able to live a decent life on the minimum wage. While 30 years ago, our minimum wage was enough to live on, today is it $103 dollars a week below the poverty line. The minimum wage in Australia was originally supposed to ensure that all working people could live a decent life – that’s part of the promise that Australia ...
The ACTU wage claim would lift the minimum wage to $25.18 an hour, equivalent to an increase of $41.22 a week or $2143 a year to $49,770. Inflation figures released last week show that underlying ...
Minimum Wage Australia 2023. With the Fair Work Commission’s decision, minimum wage workers in Australia will see a slight bump in the pay packets come 1 July. As mentioned, the new minimum wage in Australia is $21.38 per hour, equating to $812.60 per week. Below is a table indicating the changes in salary and minim wage rates from 2022-2023 ...
What is the National Minimum Wage in Australia? The National Minimum Wage in Australia is the baseline hourly rate that employers must pay their employees. As of 1 July 2024, the National Minimum Wage is $24.10 per hour, equating to $915.90 per week for a full-time employee working 38 hours a week.
What’s the minimum wage and why do we have it? Every worker in Australia is entitled to a minimum wage. This pay rate is set by the Fair Work Commission and it’s the lowest rate a person should receive (excluding trainees and junior workers). As of 1 July 2023, the national minimum wage is $23.23 per hour, or $882.80 per week.
A real boost to award wages is unlikely to drive up inflation, nor adversely impact productivity. But it would provide cost-of-living relief to Australia’s lowest-paid workers.
It notes about 2.9 million Australian workers have their pay set by an award, and that the current national minimum wage is $24.10 per hour. “Low paid workers and their families are particularly ...
