Add this to the tax cuts being given to Australians from July 1 and the fiscal impulse is red hot.
Australia's Fair Work Commission’s annual wage review decision is today, Monday, 3 June 2024
- the annual wage decision affects minimum and award wage earners, or about one in five workers
- an increase of between 3.5% to 4% to the current minimum of A$23.23 an hour is expected
The decision is expected within the next 2 hours.
*
More money in pockets will be another challenge to the RBA trying to deal with sticky high inflation.