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Good to see, but shame that unemployment and study payments haven’t been raised in real terms.
Good news for those on the bottom income line, the minimum wage will increase by 3.5%, to $948 per week or $24.95 per hour, based on a 38-hour work week. The changes are expected to impact 2.6 million and will apply from the first full pay after July 1.
😲
That’s a lot of us on minimum wage. On the surface of it, 2.6 Million sounds like roughly 10% of us. But the reality is even more grim than that. The number of people working is only a sub-set of Australians. According to ABS, there are about 14,620,600 Australians working. So, 2.6 Million is about 18% of workers.
Super changes!