Australia's minimum wage will be raised by 3 percent to AUD 740.8 a week starting on July 1st, 2019, a smaller pay increase than the 3.5% enjoyed by workers last year, reflecting a weakening economy and cooling inflation.
Minimum Wages in Australia averaged 624.84 AUD/week from 2007 until 2019, reaching an all time high of 740.80 AUD/week in 2019 and a record low of 522.12 AUD/week in 2007. This page provides - Australia Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Minimum Weekly Wage - values, historical data and charts - was last updated on May of 2020. source: Fair Work Commission
Minimum Wages in Australia is expected to reach 760.00 AUD/week by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Minimum Weekly Wage is projected to trend around 780.00 AUD/week in 2021, according to our econometric models.