Millions of Australian workers will get a 3.5 per cent pay rise from July 1, following the Fair Work Commission's annual review of the minimum wage and award agreements. Inflation is currently at 2.4 per cent annually.
In Australia we have a general minimum wage, that is indexed to inflation once a year.
In addition to this, certain industries (e.g. agriculture) have a higher minimum wage amount that we call the award rate. These are also indexed to inflation, so that they always stay a certain amount over base.
In Australia we have a general minimum wage, that is indexed to inflation once a year.
In addition to this, certain industries (e.g. agriculture) have a higher minimum wage amount that we call the award rate. These are also indexed to inflation, so that they always stay a certain amount over base.
Think of it as Minimum Wage+