Fair Work lifts minimum wage 3.5%, scoffs at Budget wages outlook

Friday 1 June 2018

Some of the key changes to the economy evident in this Review include:

 Full-time employment grew by 3.1 per cent, significantly greater than the 1.0 per cent growth over the previous year.

 Hours worked increased by 3.3 per cent over the year to April 2018 compared with 1.8 per cent a year earlier.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.