Chamber of Commerce lowballs on minimum wage

Wednesday, 27 March 2024

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.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.