On Friday, the ALP submitted to the Fair Work Commission that the minimum wage should be increased by 5.1%. This increase will include shop assistants, cleaners and workers. There are many concerns about what raising the minimum wage would do to Australia’s economy.Ex Prime Minister, Scott Morrison, said it would be throwing fuel on the fire of rising interest rates, rising cost of living and force small business out of business altogether.The Wire looks at what this increase will do to Australia's economy and it's impact on low paid workers.
The Energy Regulator has agreed to allow some of the smaller electricity wholesalers to double their prices after an 18% rise in costs. Grattan Institute, Energy and Climate Change Program Director, Tony Wood explains what is happening now and what could happen if too many power stations close coinciding with a hot summer.https://grattan.edu.au