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Australia's high minimum wage costs jobs - On Line Opinion

Recently, the Fair Work Commission (FWC) announced its decision to increase the minimum wage by 2.5 percent, alongside subsequent award wage rates. This has revived the debate on whether such policy is effective at helping workers at the bottom of the economic ladder. Unsurprisingly, the Australian Council of Trade Unions (ACTU) thought it wasn t enough, having pushed for a 3.5 percent rise in the lead up to the decision, while employer groups such as the Australian Chamber of Commerce and Industry (ACCI) argued for a lower increase than what the FWC delivered. Australia has one of the highest minimum wages in the world. The FWC s decision increases the adult minimum wage from $19.84 to $20.33 per hour, or $772.60 per week for full-time workers (a 38-hour work week). Casual employees covered by the national minimum wage also receive at least a 25 percent casual loading on top (which brings the hourly wage up to $25.41). Moreover, taking into account penalty rates such as working on

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Minimum-Wage Hikes Hurt Unskilled Workers

Print this article A man holds up a minimum wage sign at a rally held by fast food workers and supporters in Los Angeles, Calif., February 18, 2021. (Lucy Nicholson/Reuters) A $15 minimum wage would price out the low-skilled workers who need jobs most. I was 14 when I got my first real job. A restaurant in downtown Boston paid me $1.60 an hour, the minimum wage at the time. I wasn’t worth it at least for a while. On my first day as a busboy, during the lunch rush, I dropped a large aluminum tray laden with crockery and glassware onto the tile floor. The resulting explosion of sound likely startled people as far away as Nantucket; diners’ heads whipped around in unison, eyes wide in panic. As I ducked out of view, the manager hustled over, counted the broken pieces, and informed me he’d deduct it from my check. But he didn’t fire me.

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Sen. Tim Scott: Death Threats Against Democrat Senator Example of 'Woke Folk' on Rampage

Sen. Tim Scott: Death Threats Against Democrat Senator Example of 'Woke Folk' on Rampage
theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.

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Job Creation, Not A $15 Minimum Wage, Will Reduce Poverty

Job Creation, Not A $15 Minimum Wage, Will Reduce Poverty
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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