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The annual horse-trading over the minimum wage has commenced.
The Australian Chamber of Commerce & Industry (ACCI) wants the Fair Work Commission (FWC) to limit the annual minimum wage rise to no more than 2%.
The employers’ group contends that inflation is expected to fall to 3%, productivity is declining and the FWC has overcompensated for inflation in previous minimum wage decisions.
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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.