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Unions Urge Five per Cent Pay Rise as Inflation Bites
The Australian Council of Trade Unions demands a 5% wage rise to address inflation and cost-of-living pressures for 3 million workers, potentially adding 0.6% to the national wage bill.
- On Tuesday, the Australian Council of Trade Unions told the Fair Work Commission it seeks a 5 per cent minimum wage increase for about 3 million workers facing cost-of-living pressures.
- Rising inflation fueled by interest rate hikes and conflict in the Middle East has eroded real wages, prompting unions to demand pay rises preventing workers from falling further behind.
- ACTU Secretary Sally McManus said, "We will not accept the lowest-paid workers in Australia going backwards," as the proposal would lift the full-time annual minimum rate to $51,761.
- The Australian Chamber of Commerce and Industry warned that above-inflation wage increases could "tip fuel onto the inflation fire," potentially pressuring interest rates further.
- Initial submissions for the annual wage review close on Friday, with the Fair Work Commission expected to deliver its final decision in June regarding the proposed adjustment.
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12 Articles
12 Articles
Coverage Details
Total News Sources12
Leaning Left4Leaning Right5Center2Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 36%
C 18%
R 46%
Factuality
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