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Labor will support a salary increase for minimum wage earners and award, says the prime minister.
Prime Minister Anthony Albanese said the party would make a submission to the Labor Commission just due to a “economically sustainable real salary increase.”
He has not put a figure on how much he would like to see that salaries grow for the dotted workers of Australia.
“We have never put figures in our presentations,” Albanese told journalists on Wednesday morning.
“What we put is an indication for the fair work commission … of our opinion of what is important.”
Albanese also supported a salary increase for workers with low payment during the 2022 elections. The national minimum wage has increased by around $ 7,500 a year since then.
Albanese aimed at workers with bad payments
The work estimates that there are about three million Australians who would benefit from a salary increase in awards, including cleaners, retail workers and child care workers.
The national minimum wage is currently $ 24.10 per hour, which is equivalent to $ 915.90 per week of 38 hours or $ 47,626.80 per year.
The workforce has supported the salary increases in the last three annual salary reviews.
The Fair Labor Commission is an independent body that considers increases in award rates.
Albanese has also ruled out suggestions that small businesses would fight to pay their staff more.
“If you pay more money to a dotted worker, they won’t save it, they spend it, because they are making it difficult,” said Albanese.
The salary increase will probably be linked to inflation
When considering whether to grant a salary increase, the Fair Labor Commission will consider the current inflation rate. The increase in salaries too much could also increase inflation.
This could make it difficult for the Australian Reserve Bank (RBA) to reduce interest rates.
But with the fall of inflation and the fall of interest rates, work believes that it has a strong argument for the commission to support salary increases.
The last consumer price index, an inflation measure, was 2.4 percent, which is within the objective range of RBA of between 2 and 3 percent.
The RBA made a rate cut at its February meeting that turned out that the rates were reduced from 4.35 percent to 4.1 percent. It followed 13 increases in consecutive rates, as of May 2022.
However, the Central Bank maintained the rate on hold last Tuesday, citing global uncertainty as a reason for caution.
Dutton supports salary increases
The opposition leader, Peter Dutton, said he supports the salary increases while criticizing the economic management of the Labor.
“Families have retreated under this government,” he said.
“Real wages have dropped under this government.
“The prime minister is saying that the Australians have never had it better, that everything is fine, we have folded the corner, but that is not the experience of the families we are talking about.”
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