Thousands of Aussies to get a pay rise this week
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Thousands of Aussies are getting pay raises this week – this is how much extra money you’ll see in your bank account
- Increase in minimum wage set to flow to other industries
- A wage increase was applied in most industries on July 1 following the decision of the Fair Work Commission
- But the aviation, hospitality and tourism industries were postponed until October
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More than 400,000 low-paid Australian workers will see an increase in their paychecks following a major decision by the industrial umpire.
Affected full-time workers will receive an additional $40 per week after the Fair Work Commission raises the minimum wage and some associated industry awards.
Money starts flowing into bank accounts in the first payment cycle since the 4.6 percent increase.
Workers in the hospitality, tourism and aviation sectors are among those who will benefit.
Prime Minister Anthony Albanian said the boost would help Australians tackle the rising cost of living
After forming the government, Labor backed a pay rise for low-paid workers in a formal submission to the national wages authority.
Prime Minister Anthony Albanian said the boost would help Australians tackle the rising cost of living.
The minimum wage will also be increased for cabin crew of airlines from this week
Australians with the minimum wage in the catering industry will see a pay increase from next week
“We need to get wages back up and make health care, childcare and housing more affordable as we work to grow the economy,” he said.
The minimum wage was raised by 5.2 percent in July, just above the inflation rate at the time.
The pay increases were postponed until October.
More than 2.7 million Australians have benefited from the minimum wage and premium increases.
Treasurer Jim Chalmers said the upcoming budget would build on the government’s jobs and skills summit to create more opportunities and increase employment.