Labor ‘continues to maintain’ a minimum wage increase won’t affect inflation #Labor #continues #maintain #minimum #wage #increase #wont #affect #inflation #englishheadline


Englishheadline Political Editor Andrew Clennell says higher unemployment was predicted but the “greatest economic fear” over the next year must be stagflation.

Unemployment rose from 3.5 to 3.7 per cent a day after the wages figures were released, showing they are also up.

“The hope would be if unemployment goes up, inflation comes down”, Mr Clennell said.

The ACTU wants a wage increase of seven per cent while the Australian Chamber of Commerce and Industry wants 3.5 per cent, according to Mr Clennell.

“The government continues to maintain such a wage rise would not have an effect on inflation.”

English Headline

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