Federal Treasury has told the FWC's minimum wage panel to be cautious in accepting predictions of a "very strong snapback" in the unemployment rate, as the economy re-opens after the coronavirus pandemic.
Large numbers of retail employees covered by agreements approved in the second half of last year face wage freezes if employers succeed in their campaign for a coronavirus-driven pause in minimum pay rises such as that adopted during the GFC, new Attorney-General's Department data on bargained wage rises reveals.
An FWC full bench has asked the Morrison Government whether it will boost funding to compensate employers if it grants a contested $5-an-hour COVID-19 allowance claim for disability workers attending to self-isolated and quarantining clients.
A labour hire company's successor agreement has again failed to win approval from the FWC, despite an undertaking aimed at addressing a finding that it told workers their rates of pay would rise when they would actually fall.
The "exceptional circumstances" created by COVID-19 warrant delaying the operative date of any minimum wage increase by a fortnight to July 15, according to the Ai Group, while the Victorian Government is calling for a rise of at least 3%.
Bargained wage rises in the private sector dropped to 2.7% a year in the September quarter, according to newly-released Attorney-General's Department data that also shows some large retail employers are starting to tie increases to the FWC's annual review.
Workers' wages will continue to grow at about 2.2%, similar to the current WPI, partly because the forthcoming 0.5 percentage point rise in compulsory super payments will be mostly funded by forgone pay rises, according to the RBA.