The Morrison Government today welcomed the Fair Work Commission's decision to increase the National Minimum Wage rate and award wages by 3 per cent from 1 July 2019.
The National Minimum Wage will increase from $18.93 an hour or $719.20 per week to $19.49 per hour an hour or $740.80 per week – an increase of $21.60 per week.
This is another real wage increase for the 180,000 workers who are paid the National Minimum Wage and up to 2.2 million workers who have their pay set out in any of the 122 modern awards.
The FWC's decision reflects a real increase above the rate of inflation of 1.3 per cent (for the year to March 2019), and higher than economy-wide wages growth of 2.3 per cent.
By way of comparison, over the last 10 years, the National Minimum Wage has increased on average 2.8 per cent a year in nominal terms and 0.8 per cent a year in real terms and in substantial part today's decision reflects the Expert Panel's positive assessment of the performance and competitiveness of the national economy.
The strength of the economy under the strong fiscal management of the Morrison Government has enabled the FWC to award real wage increases for minimum wage workers every year since 2015.
"Under the Coalition Government, minimum wages have cumulatively increased by 6.9 per cent," Mr Porter said.
"The Morrison Government will continue to focus on implementing its agenda to keep our economy strong and to deliver 1.25 million new jobs over the next five years.
"The Government will also ensure hard-working Australians pay lower taxes.
"The real increase in minimum wages in today's Fair Work Commission decision, combined with the Government's plan to lower taxes for working families will ease cost of living pressures and lift the living standards of all low-paid workers in Australia.
"That's why the first priority of Labor in the 46th Parliament must be to support the Morrison Government's proposed tax cuts."