Minimum Wage Increases & How it Will Affect You
The Fair Work Commission (FWC) has announced that the minimum wage will be increasing by 1.75% and will apply to all Modern Awards. The National Minimum Wage (NMW) will be $753.80 or $19.84 per hour (an hourly increase of 35 cents). In light of the COVID-19 pandemic, the increase in the NMW and modern award minimum wages seem modest in comparison to the 3% increase last July 2019. This article will explain these changes to the minimum wages and what employers need to do to.