Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

World News

Australia lifts minimum wage as families grapple with higher living costs

by June 3, 2024
June 3, 2024

SYDNEY – Australia’s independent wage-setting body on Monday raised the national minimum wage by 3.75%, largely in line with inflation, as families tackle soaring living costs.

The minimum rate will rise to A$24.10 ($16.05) per hour from July 1, resulting in an extra A$33 per week for about a fifth of the Australian workforce or about 2.6 million employees.

In its annual review, the Fair Work Commission said cost-of-living pressures have hit low-income employees the most, though inflation is considerably lower now than it was at this time last year, when it awarded an increase of 5.75%.

But the report said it was not “appropriate at this time to increase award wages by any amount significantly above the inflation rate principally because labour productivity is no higher than it was four years ago.”

Australian consumer price inflation rose at an annual pace of 3.6% in April, the highest level in five months, adding to risks the next move in interest rates might be upward. – Reuters

previous post
European election: EU struggles to counter Russian disinformation
next post
UTILITIES TRYING TO “POWER” UP EQUITY MARKETS

Related Posts

FBI says Chinese hackers preparing to attack US...

April 19, 2024

SpaceX’s third Starship test flight gets FAA green...

March 14, 2024

UK’s Cameron to meet Blinken, Trump while pressing...

April 9, 2024

Navalny died his own death, Russian spy chief...

March 6, 2024

Russia says new South Korean sanctions are ‘unfriendly,’...

April 4, 2024

First law protecting consumers’ brainwaves signed by governor

April 18, 2024

Investors push Zara owner Inditex to publish full...

March 11, 2024

US, Britain announce partnership on AI safety, testing

April 2, 2024

White House mistakenly shares Yemen war plans with...

March 25, 2025

Sweden to join NATO after Hungary ratification

February 27, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • Trump turns to Supreme Court in fight to oust Biden-era consumer safety officials

      July 3, 2025
    • Bush teams up with notorious Trump foes to trash ‘colossal mistake’ shuttering USAID

      July 2, 2025
    • Trump’s ‘big, beautiful bill’ stalls in House amid conservative mutiny threats

      July 2, 2025
    • Democratic doctors’ protest against Trump’s ‘beautiful bill’ derailed by flood of US Capitol tourists

      July 2, 2025
    • Wisconsin Supreme Court decides abortion case that prompted most expensive judicial election in US history

      July 2, 2025
    • As his feud with Trump reignites, Musk’s business with the government is back in the crosshairs

      July 2, 2025

    Categories

    • Business (1,292)
    • Politics (6,256)
    • Stocks (904)
    • World News (460)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved