Unions across a range of sectors will now push for larger inflation-adjusted pay rises for their members in the wake of the latest minimum wage case.
This has prompted the usual cabal of business lobby rent-seekers to scaremonger over a ‘wage-price spiral’:
“Employers are experiencing rapid rises in costs for raw materials and energy, as well as supply chain disruptions and labour shortages” [Migration Council Chair and Australian Industry Group chief executive Innes Willox said].
