The federal government recently used its submission to the Fair Work Commission’s (FWC) annual wage review to call for an “economically sustainable” increase in the minimum wage.
FWC president Justice Adam Hatcher has asked the Treasury whether wage growth forecasts of 3.1% to 3.25% in 2025-26 would be consistent with inflation staying within the Reserve Bank’s target band of 2-3%.
Hatcher also inquired whether these wage increases would remain “sustainable” if headline inflation increased to 3% after the government abolishes its energy rebate.
