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Reuters
Reuters
Business

Australia's new PM backs wage hike to ease inflation pain

FILE PHOTO: Australian Prime Minister Anthony Albanese attends the Quad leaders’ summit, in Tokyo, Japan, May 24, 2022. Yuichi Yamazaki/Pool via REUTERS

Australia's new centre-left Labor government on Friday proposed raising the minimum wage to ease the financial burden on families hit by soaring energy prices and a spike in consumer price inflation.

Prime Minister Anthony Albanese, who was sworn in last week, said his government had submitted an application with the independent wage-setting body that could help raise the pay of the lowest-paid workers from A$20.33 ($14.77) an hour.

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