Years of flatlining productivity have finally caught up with the minimum wage and this year’s decision could set the standard for years to come.
The Reserve Bank has tamed inflation. The question now is how employees can justify big pay rises.
Every year the Fair Work Commission makes its minimum wage decision for 2.9 million workers – typically setting the benchmark for wage growth in the broader economy.
But this time it’s different. This year the commission must confront years of flatlining or falling productivity. It’s a critical decision that could set the norm for years to come.
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Original URL: https://www.afr.com/policy/economy/why-this-year-really-is-crunch-time-for-pay-rises-20250520-p5m0po
