After more than a decade of sub-4% growth in pay, Treasury has projected in its Intergenerational Report, released today, that it will return to that level in 2028 as productivity resumes its long-term growth path of 1.5%.
Bargained wage rises in the private sector show little sign of pushing towards the "materially higher" benchmark set by the RBA, growing at 2.6% for the second quarter in a row, while public sector bargaining collapsed.
A self-represented maritime security guard has filed a class action accusing Wilson Security of underpaying him and colleagues at the North-West shelf gas project, directing them to perform unpaid work and breaching rostering and payslip requirements.
The Berejiklian Coalition Government will relax its COVID-19 public sector wage freeze from July 1, moving back to the former 2.5%-a-year cap, and introduce paid leave for workers who suffer a stillbirth or miscarriage.
The FWO has begun prosecuting retailer Woolworths for allegedly substantially underpaying salaried managers who had been subject to annualised salaries.
Woolworths has confirmed it will pay the 2.5% minimum wage increase to employees from the first week of next month, avoiding a repeat of the dispute it had last year with retail unions over the timing of pay rises to workers in its supermarkets and Big W stores.
Reserve Bank Governor Philip Lowe has today added a new reason to his long list of why employers are not lifting wages - the "laser-like focus on costs" that has become the "predominant mindset" of many businesses.
The FWC has approved a 2.5% increase in all award rates in its minimum wage ruling handed down this afternoon and has again delayed rises for sectors most affected by the coronavirus pandemic.