While nurses,cops and firefighters continue their protracted fight for better pay and conditions state politicians will receive extra cash in their pockets from July 1.
After believing for years that what an economy did – be it in trade,services or industry – “did not matter” so long as it grew,the White House now says this way of thinking was wrong.
Businesses that have been fighting calls to raise workers’ wages to match inflation are cavalier when it comes to rewarding their top brass with large pay rises.
Several factors are contributing to advances,primarily the emergence of more flexible working arrangements.
Don’t believe anyone – not even a governor of the Reserve Bank – trying to tell you the increase in minimum award wages is anything other than good news for the lowest-paid quarter of wage earners.
Business groups warned the wage rise would add to inflation while unions said millions of people still faced a real pay cut.
A 4 per cent pay increase was flagged during a meeting between Treasurer Daniel Mookhey and key union bosses on Friday.
Health Services Union boss Gerard Hayes has written to Premier Chris Minns laying out six demands by which “the current dispute can be de-escalated”.
Tuesday’s budget will forecast the first growth in real wages since 2021. But the Reserve Bank believes households will continue to suffer,in part due to tax.
From January 1,providers will have to show they are passing on the full rate in quarterly financial reports while their pay rates will be published by the government.
The unions’ favoured team may have won the NSW election,but they will not give the Minns government any free passes on wage negotiations.