Australia’s New PM Proposes Faster-Than-Inflation Wage Gains
- Albanese filed submission to FWC ahead of annual wage review
- Watchdog’s annual wage review decision expected this month
Anthony Albanese
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
New Australian Prime Minister Anthony Albanese has made a submission to the country’s labor watchdog, proposing to lift minimum wages by more than the inflation rate in a bid to fulfill one of his key election promises.
“High and rising inflation and weak wages growth are reducing real wages across the economy and creating cost-of-living pressures for Australia’s low-paid workers,” Albanese said in a statement Friday.