Posted 3/24/2024, 6:51:40 PM
Government pushes for inflation-matched minimum wage rise to shield low-paid from cost pressures
- Government to argue for minimum wage increases in line with inflation (4.1% over the past year) to protect low-paid workers
- Current minimum wage is $23.23 per hour, after 5.75% increase in July 2022
- Government says inflation still above 2-3% target, households still facing cost pressures
- Government submission says real wage value has eroded recently due to high inflation
- Any national minimum wage increase would start in first pay period on or after July 1