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Australia’s retailers have demanded a minimum wage freeze, which would result in real pay cuts for low-paid workers if endorsed by the Fair Work Commission (FWC). From The Australian:
…the National Retail Association today urged the commission to give “full and genuine consideration” to awarding a zero minimum wage increase.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.