Australia Raises Minimum Wage to $24.10 per Hour, Outpacing Inflation Rate

Monday, 3 June 2024, 05:36

The Fair Work Commission in Australia has approved a 3.75% increase in the minimum wage, setting it at $24.10 per hour starting from July. This raise surpasses the government's projected inflation rate, providing a significant boost to minimum wage workers.

Australia Minimum Wage Increase

The Fair Work Commission in Australia has announced a 3.75% pay rise for minimum wage workers, setting the new rate at $24.10 per hour starting July.

Rise Outpaces Inflation Forecast

The pay rise exceeds the government's estimated inflation rate, providing a valuable increase in income for workers.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe