Business group lowballs low-paid workers

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The annual minimum wage circus has begun, with the Australian Industry Group (AIG) urging the Fair Work Commission (FWC) to adopt a “moderate increase” in minimum wages of not more than 2.6%:

“In recent years, high inflation resulted in very large increases to minimum wages. But in 2025 the balance of economic factors has squarely shifted, warranting a far more moderate approach from the Commission this year,” said Innes Willox, Chief Executive of the national employer association.

“A proposal higher than 2.6% is completely unjustified.

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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.