Millions of Australians are in line for a pay rise as of Friday. Here are the occupations that will be affected by the increase.
Millions of Australians are poised for a pay rise on Friday when the annual fair review of the Fair Work Commission comes into force.
The national wage authority issued a strange split increase earlier this month, meaning the minimum wage will rise 5.2%, while those with modern wages will receive a 4.6% increase.
The decision equates to a weekly wage increase of $ 40 for millions of workers.
Healthcare and social care workers, housing and food services, and retail are the ones who will benefit most from the increase.
But aviation, hospitality and tourism workers who are generally included in premium increases will have to wait until October 1 to get a pay raise.
More women (59.1%) will benefit from the wage increase than men (40.9%), while almost two-thirds are generally part-time workers.
Treasurer Jim Chalmers said the increase is a victory for working-class Australians who kept the economy running during the worst of the pandemic.
“This wage increase recognizes these sacrifices and the unique challenges of our economy,” he said.
Employment Minister Tony Burke stated that the Morrison government’s “era” of deliberate low-wage growth was over.
“This era is over for cleaners, caregivers, shop clerks and other pandemic heroes who came into play to keep Australia running for the past two and a half years,” he said. .
Only 2 percent of the lowest workers receive the national minimum wage, while a further 23 percent receive the minimum award rates.
The government won the election with the promise of wage increases, but has since softened its position on whether to intervene in the future to recommend that wages remain in line with inflation.
“We never said or hinted that there would be an ongoing concordance where there was general inflation,” Burke said last week.
Reserve Bank Governor Philip Lowe has said he would like the figure to be limited to 3.5%, warning that the 5.2% increase should not be repeated to the entire workforce.
The RBA expects inflation to reach 7% by the end of the year.