Waiting for Godot (and wage-price spirals)
Dollars & Sense
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Examining Minimum Wage and Award Wages in Australia
This chapter explores the differences between statutory minimum wage and award wages in Australia, detailing how the Fair Work Commission determines these annually. The ongoing debate surrounding potential wage increases, their impact on inflation and the economy, as well as the significance of wage adjustments for millions of workers is a key focus. Various perspectives on the proposed wage rises, concerns about inflation, economic challenges, and the importance of fair pay for low-income workers are thoroughly analyzed.
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