In a bold move to tackle the escalating cost of living, Australia has increased its national minimum wage to £15.76 per hour, marking a significant step to support low-income workers. The decision comes as households across the country grapple with soaring prices for essentials like food, housing, and utilities.
Why the Increase?
The Australian Fair Work Commission approved the wage hike after extensive deliberations, citing the urgent need to alleviate financial pressures on workers. "This adjustment reflects the economic realities faced by millions," a spokesperson stated.
Impact on Workers
For full-time employees, the raise translates to an additional £50 per week, providing much-needed relief. However, critics argue that businesses, particularly small enterprises, may struggle with higher payroll costs.
Could the UK Follow Suit?
With the UK also facing a cost-of-living crisis, campaigners are urging policymakers to consider similar measures. "If Australia can prioritise workers, why can't we?" asked one union leader.
While the UK's current minimum wage stands at £10.42 for those over 23, pressure is mounting for further increases as inflation persists.
