Australian employers claim ‘excessive’ minimum wage rise in line with inflation could lead to recession

1 year ago 61

Australian Industry Group says union call for extra $1.50 an hour ‘would raise inflationary pressures’ and lift interest rates even higher

Employers have warned that an “excessive” 7% minimum wage rise in line with inflation advocated by unions could tip Australia into recession.

The Australian Industry Group made that claim responding to unions’ call for a $1.50 an hour rise in the national minimum wage to $22.88.