*Full Media Release from Business NSW
Wage rise puts pressure on businesses 15 June 2022
The decision of the Fair Work Commission to raise the National Minimum Wage by 5.2% and modern award minimum wage rates by 4.6% will put pressure on small businesses at a time when the cost of doing business is already rising.
“Business NSW agreed that there should have been a rise in wages, with our submission to the Fair Work Commission advocating that up to 3 % on top of the 0.5% rise to the Superannuation Guarantee was a sensible common ground. The Commission has disagreed,” said Business NSW Chief Executive Daniel Hunter.
Annual wage review decision 2022
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