Almost 3 million Australians will see bigger paychecks starting July as the Fair Work Commission (FWC) has approved a 3.5% increase to the minimum wage. From July 1, the minimum hourly rate climbs to $24.95, adding $32 per week to full-time workers’ pay packets and bringing the annual salary to $49,296. This boost outpaces the current inflation rate of 2.4%, giving these workers a real wage increase for the first time in years. “Since July 2021, employees who are reliant upon modern award minimum wages, or the national minimum wage, have suffered a reduction in the real value of their … Continue reading Australia’s Minimum Wage to Increase by 3.5% to $24.95/hr, Affecting 2.9 Million Workers from July 1