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Explainer: how wage growth contributes to the economy

  • Written by Graham White, Associate Professor, School of Economics, University of Sydney
imageYes, it makes the world go 'round.Mark Strozier/Flickr, CC BY

The Fair Work Commission is considering whether to increase Australia’s minimum wage. The Australian Council of Trade Unions is arguing for a A$45-a-week rise. Industry, arguing that currently business has limited ability to afford wages increases, wants the increase capped at 1.5%...

Read more: Explainer: how wage growth contributes to the economy

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