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Latest news: Wage and Pension

Minimum wage tops $1000 a week, stoking inflation fears

Minimum wage tops $1000 a week, stoking inflation fears

Millions of workers on industry awards will get an annual pay rise and minimum wage earners even more, but economists warn the raises could fuel inflation.

AI risks deepening divide between investors and workers

AI risks deepening divide between investors and workers

AI risks deepening divide between investors and workers

AI risks deepening divide between investors and workers

The rise of AI could result in a higher share of Australia's economic pie going to people who own assets rather than those who work for a living.

Teachers offered pay rise of up to 32 per cent

Teachers offered pay rise of up to 32 per cent

Teachers offered pay rise of up to 32 per cent

Teachers offered pay rise of up to 32 per cent

A teachers’ union has struck an in-principle deal with a state government for pay rises of up to 32.4 per cent over four years.

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Unions ramp up minimum wage rise demands as costs soar

Unions ramp up minimum wage rise demands as costs soar

Low-paid workers should not go backwards because of Donald Trump's war, the peak union body says, as it calls for minimum wages to be raised to $26.45 an hour.

No criminal charges despite $49.5m wage theft blitz

No criminal charges despite $49.5m wage theft blitz

Australia’s $49.5 million wage theft crackdown has run for 488 days without a single criminal case, as employers fear honest errors will be punished.

Aussies losing almost $5b in unpaid super every year

Aussies losing almost $5b in unpaid super every year

One in four Australian workers have been deprived of superannuation payments by employers, which could have a huge impact on their retirement nest egg.

AMP leaders defend share price, tout AI future

AMP leaders defend share price, tout AI future

There is no sideline position to take in the disruptive moment offered by artificial intelligence, the leader of an Australian wealth stalwart says.

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Win for younger workers with discount pay rates axed

Win for younger workers with discount pay rates axed

Win for younger workers with discount pay rates axed

Win for younger workers with discount pay rates axed

Workers in retail and fast food jobs will be eligible for the full award wage once they turn 18 after a decision from the workplace watchdog.

Daylight robbery as time clock stops for shift workers

Daylight robbery as time clock stops for shift workers

Daylight robbery as time clock stops for shift workers

Daylight robbery as time clock stops for shift workers

Employers are being encouraged to pay night workers for every hour they work this Easter Sunday during a daylight saving glitch.

Labor backs above-inflation wage bump for low-paid

Labor backs above-inflation wage bump for low-paid

Labor backs above-inflation wage bump for low-paid

Labor backs above-inflation wage bump for low-paid

Wage increases have not been driving recent inflation pressures and low-paid workers deserve a real pay rise, the government says.

Sticky situation as super changes stretch small firms

Sticky situation as super changes stretch small firms

Sticky situation as super changes stretch small firms

Sticky situation as super changes stretch small firms

Almost a third of small business owners are considering dipping into their personal savings to meet super obligations for their staff.

Unions urge five per cent pay rise as inflation bites

Unions urge five per cent pay rise as inflation bites

Unions urge five per cent pay rise as inflation bites

Unions urge five per cent pay rise as inflation bites

Employer groups warn a pay rise above inflation for minimum wage earners would only tip more fuel onto the fire as rising petrol prices worry the Reserve Bank.

Inflation does a job on wage growth, adds heat to rates

Inflation does a job on wage growth, adds heat to rates

Inflation does a job on wage growth, adds heat to rates

Inflation does a job on wage growth, adds heat to rates

Rising inflation has pushed real wages below the level of rising costs, which could have a big impact on the Reserve Bank's next decision on interest rates.

Shares in wealth manager plunge in earnings bloodbath

Shares in wealth manager plunge in earnings bloodbath

Shares in wealth manager plunge in earnings bloodbath

Shares in wealth manager plunge in earnings bloodbath

AMP shares have plummeted amid questions from analysts about why shareholders should watch their money being "torched" to fund the company's new digital bank.

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Unions set sights on pay rises, threaten strike action

Workers are more ready to strike than ever before, unions say, as they push for above-inflation pay rises to help members with high housing costs.

Confident about retirement? It depends on your gender

Years of gender pay gaps, part-time work and caring for others have left Australian women with smaller nest eggs facing a more uncertain future, research shows.

Superannuation gender gap starts on first day at work

An outdated law is widening the gender superannuation gap where women retire with less due to rules that deny the entitlement to most workers aged under 18.

Super giants tapped to compensate for self-managed duds

The federal government will force retail and industry super funds to help compensate people who lose their retirement nest eggs to failed private schemes.

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Central bank rates outlook may pivot on wages, labour

A major bank has crunched the numbers from about 400,000 accounts to discover an uptick in wages and employment growth, ahead of a central bank rates reveal.

Nearly two in five Aussies fear retirement out of reach

A startling number of Australians are worried about their retirement prospects, and many fear they won't be able to retire at all, according to a study.

Employers efforts recognised as gender pay gap narrows

Australia's overall gender pay gap has narrowed, but among CEO's there has been an increase - showing the need for further commitment at top levels.

Private sector wages slowdown could ease RBA fears

Pay packets are still growing but economists warn rising inflation could soon bring that to an end.

Lifetime impact of gender pay gap costs women millions

The financial cost of the gender pay gap accelerates across a woman’s lifetime and peaks in her late 50s, with an eye-watering amount of missed earnings.

'Irrational' rule ripping off young Aussie workers' pay

As soon as Aussie teens turn 18 they are seen as of age in the eyes of the law - but there's one place they still aren't being treated as adults.

Health giant under microscope for charity tax status

A health union wants the government to investigate embattled private hospitals operator Healthscope over a problem with its salary packaging scheme

Topics

Politics Australia New South Wales Victoria Economy, Business and Finance Australian Capital Territory Computing and Information Technology Economy Consumers Business Unions Hospital and Clinic Employment Work Relations Central Bank Labour Earnings Interest Rate Inflation and Deflation Strike

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