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The federal government has maintained its call for the national minimum wage to move in line with inflation, heralding the possibility of significant back-to-back increases flowing through to small business employers already facing a scheduled superannuation payment increase.
The Fair Work Commission is weeks away from handing down its minimum wage decision for the 2023-2024 financial year, outlining the baseline income of an estimated 2.7 million Australian workers covered by the minimum employment standards.
In its post-budget submission, the federal government on Friday said increases to the minimum wage, currently set at $21.38 an hour, should not fall behind the inflation rate.
ABOUT THE AUTHOR
Senior Business Journalist
David Adams is a senior business journalist at SmartCompany. He is interested in the challenges and opportunities facing Australian businesses, along with the influences of technology, culture, and a changing climate. Before SmartCompany, David served as a reporter for Business Insider Australia. You can find him on Twitter at @DavidAdams_AU.
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