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Thursday, May 30, 2024

Latest news: Wage rise

Budget funds to meet record aged care wage rise ruling

More than 250,000 aged care workers are in for a record 15 per cent pay rise under a $11.3 billion boost in the federal budget. 

Private sector wages increase more than in public sector

Businesses are delivering the strongest rate of wages growth in more than decade, as the national private sector wages bill rose by 3.6 per cent in 2022, compared to 2.5 per cent in the public sector, according to data released today by the Australian Bureau of Statistics (ABS).

Wages growth not fuelling inflation: Employment Minister Tony Burke

Employment Minister Tony Burke does not believe wages growth is about to further fuel inflation, saying pay rates have suffered a decade of stagnation.

Minimum wage rise the right decision: PM

The Fair Work Commission's decision to increase the minimum wage by 5.2 per cent was the correct one, despite concerns raised by business groups, the prime minister says.