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.
Honestly prices should increase to cover the increased costs; but seeing as how labour costs are only a fraction of overall business expenses, this should only translate to a sub-1% increase - if that!
Honestly prices should increase to cover the increased costs; but seeing as how labour costs are only a fraction of overall business expenses, this should only translate to a sub-1% increase - if that!