As we approach the federal election, union and industry demands are getting louder.
australian council of trade unions (ACTU) are calling on low-wage workers to receive a 5 percent pay hike, ‘keep your head above water’, while RRestaurant and Catering Industry Association (RCIA) is demanding pay-freeze.
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The ACTU believes Australia’s minimum wage needs to be increased from $20.33 an hour to $21.35 to offset the increase in the cost of living.
raising the annual minimum wage to $42,184,”What do Australian workers need to keep their heads above water with inflation and the rapid rise in the cost of living? ACTU Secretary Sally McManus said.
“The Morrison government has projected a real wage cut this year, after an $800 cut last year,” she said. “It can be avoided if they support this wage claim.”
– Sally Manus
During this, Wes Lambert, Chief Executive Officer of the RCIA warned that if minimum workers get a higher wage increase then it will be “only a matter of time” Before that Australians would pay $7 for a coffee.
Lambert argues that if the epidemic is called “Extraordinary“The event that results in delayed pay hikes in 2020 and 2021, then the same will be true for 2022 which had already doubled”Delta, omicrons, floods and critical workforce shortages”,
“The industry’s wage bill is as high as it has been as a percentage of sales: over 40%. The only thing that can go up is the prices. ,
— Wes Lambert
The unions’ submissions are certainly a response to the release of the 2022/23 federal budget that provided only temporary provisions to deal with, among other things, high inflation and low wage growth.
Inflation rose to 3.8% in 2021 compared to only 1.7% in wage growth, while this year inflation has already jumped to 1.25 percent without any wage adjustments.
Undoubtedly a difficult path to walk, Australian Chamber of Commerce and Industry (ACCI) “Calling for”extreme caution”,
ACCI’s Chief Executive, Andrew McKellar, gives a warning”Small businesses are on a knife’s edge – the risk of further COVID-19 outbreaks, the impact of flooding in New South Wales and Queensland and the ongoing conflict in Ukraine, continue to undermine the prospects for recovery”.
with many sectors including tourism, arts and entertainment “Broken by the lockdown and restrictions,” Mr. McKellar said, “It will still take some time for many of these businesses to pay off the debt they accrued through the pandemic and return to profitability. ,
Submissions for the minimum wage review closed on Friday.
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