The country’s largest business organisation will call for an award increase of 3.5 per cent – its biggest claim for decades – as a response to growing costs of living and pressures on small business.
ACCI chief executive Andrew McKellar said a total pay rise of 4 per cent, including the 3.5 per cent increase and the legislated 0.5 per cent rise in superannuation,“gets the balance right”.“Business supports a pay increase. But it must be one that is reasonable and responsible,” he said. ACCI will also seek to define the commission’s objective of “secure work” – the first time that term has been tested since Labor introduced it last year – as “work free from fear of joblessness”.
Australian Industry Group chief executive Innes Willox said on Thursday the employer group would wait for further jobs and inflation data, as well as the May budget, before putting a figure on its wage claim.as “economically reckless and irresponsible” when inflation was slowing, and said his group would call on the FWC to exercise “restraint and caution”.“[AiGroup’s] submission will draw attention to the real risk that an excessive wage rise would tip Australia into recession,” Mr Willox said.
He also downplayed talk of a wage-price spiral from the increase given the decision was only once a year, unions “don’t seem to be very effective anymore” and enterprise agreements tend to be locked in for three years.
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Reasonable submission. In stark constrast to the ACTU ambit claim
How much is this increase compared to the increase in profits during the same period?
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