Concern over wages decision

Written on the 30 November -1

COMMERCE Queensland has expressed concern at the Australian Fair Pay Commission's decision to raise the minimum wage for low-paid workers by $27.36 a week.

Under the decision, more than 1.5 million workers nationally, who are covered by the WorkChoices legislation, will receive an increase from December 1 this year.

The decision is not limited to those on lower wages, increasing wages above $700 per week by an additional $22 per week.

Commerce Queensland Gold Coast and Hinterland regional manager Noel Millers says he is concerned such a large increase could hinder employment growth.

"The commission clearly has the view that this level of increase won't impact on the capacity for the unemployed and low paid to obtain and remain in employment."

"However, the interest of those unemployed would be better served by a more moderate increase to the minimum wage," he says.

Mr Millers says the decision comes on the back of a likely increase in interest rates, the combined effect of which will be a major blow for businesses.

"The 5.64 per cent increase is excessive compared to the current rate of inflation and increase in average earnings. However we recognise the increase is over at least a 15-month period," he says.

"We believe that, on balance, the commission has been more than generous. However, time will tell."

The important issues relating to casual rates, apprentice and trainee wages, junior wages and piece rates have been left to be considered during 2007.


Latest News

ONE KEY RESOURCES FINDS TRUE POT OF GOLD

BRISBANE'S One Key Resources has been acquired by global recruitment outfit Fircroft.

The mining solution...

BPS SHARES BOLSTERED BY CHINA, US DEALS

BPS Technology (ASX: BPS) has expanded the reach of its Bartercard trade exchange business in the US through the s...

SURFERS PARADISE MARRIOTT CHANGES HANDS IN $70M DEAL

MARRIOTT Vacation Club has offloaded the hotel component of Surfers Paradise Marriott Resort & Spa for $70 mil...

NEW IRISH BAR LIVES UP TO ITS LEGEND

FORTITUDE Valley's newest watering hole is quite literally the stuff of legends. Named after a famous myth...

Related News

FROM THE TANK: PEOPLE MATTER MOST

WHAT am I looking for on Shark Tank? In actual fact, I am looking for 'who' rather than 'what'.
...

THREE KEYS TO LEADING A TEAM THROUGH EOFY

THE end of the financial year (EOFY) can be a taxing time for businesses, and often it takes a toll on staff. ...

BUDGET 2016: WHAT IT MEANS FOR BUSINESS

BUSINESS is at the forefront of the 2016 federal budget, with SMEs set to see their company tax rate fall to 27.5 ...

BRW TO SHUT DOWN

FAIRFAX Media (ASX: FXJ) is shutting down its BRW website, less than three years after the closure of the print magaz...

CONTENT MARKETING

Content marketing a highly effective way to create a buzz around your company

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter