Release Date: 26-Feb-2015
Author: Justin C
From 1 April 2015 the adult minimum wage will increase by 50 cents per hour.
The government has announced that the minimum wage for adults will increase from $14.25 to $14.75 per hour. The hourly minimum wage for workers who are training or ‘starting-out’ will also have an increase of 40 cents per hour, bringing it to $11.80.
The government has defended the increase as appropriate given current economic and labour market conditions. It balances the needs of both businesses and workers whilst having minimal impact on the wider labour market.
The increase of the minimum wage ensures there is no restraint on jobs while still increasing the incomes of the lowest paid. However, increasing the minimum wage further would be dangerous and would constrain employment growth by up to 5000 jobs per year.