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.
The ACTU's latest submission to the FWC's minimum wage panel has seized on Federal Budget forecasts that wage growth will lag behind inflation until 2024-25, arguing it is a "mystery" who else has the power to influence that trajectory.
The SDA has failed to head off a double whammy for retail workers whose Sunday penalty rates fall this week despite a delay to minimum wage increases, after an FWC full bench found there was no presumption they should be aligned.
The FWC will tomorrow bring down its much-anticipated decision in this year's minimum wage review, with employers calling for a pay freeze due to the pandemic's impact on business and unions arguing for a 4% rise to stimulate the economy.
Federal Treasury has told the FWC's minimum wage panel to be cautious in accepting predictions of a "very strong snapback" in the unemployment rate, as the economy re-opens after the coronavirus pandemic.