A 5.5% pay rise is the most effective and important way to address cost of living pressures
Australia has a cost-of-living crisis, with essentials such has housing, groceries, fuel, childcare and clothing increasing rapidly. Workers are struggling to keep up after a decade of record low wage growth under the Morrison Government.
That’s why Australian Unions has made a submission to the Annual Wage Review for a 5.5% pay increase to the 2.67 million workers who receive the minimum wage or Award wages.
Support the essential workers who rely on minimum wages or Award wages getting a 5.5% pay increase. Add your name today.
Add your support
“I support the Australian Unions’ Annual Wage Review claim for a 5.5% wage increase for minimum wage and Award workers.”
Why is this important?
Working Australians’ wages need to keep up with the rising cost of living and they deserve a share of record profits currently being enjoyed by Australian businesses.
Increasing wages will create jobs
Minimum wage and Award workers spend the majority of their income in their local communities, with local businesses on things like groceries, rent, fuel and childcare. When low-paid workers spend in their local economy, their spending helps create more local jobs.
There’d be a stimulus boost to the economy
Wage increases help stimulate the economy. Especially in bad economic times like our current post-pandemic economic recovery, a minimum wage increase will help boost the economy and create jobs.
Business profits are at record highs
Corporate profits are increasing at more than 20 per cent, off the back of workers’ productivity improvements.
Workers would be $10,000 better off on average across the last decade if wages had kept up with the productivity gains.
Working people are falling behind
Australia’s minimum wage used to be the best in the world. When unions created the minimum wage, it was a living wage – which means it was set at a rate that allowed a worker to support a family. But since 2002, our minimum wage has slipped backwards and is now $127 dollars a week below the poverty line.