The recent spurt in inflation has little do with workers being paid more, economists say, warning the claim that wage increases could set off inflation is “over-the-top alarmism”.
Debate over how much the lowest-paid workers should receive has flared during the election campaign after the ACTU this week raised its minimum wage claim to the Fair Work Commission to 5.5% from an earlier goal of 5%, after March-quarter consumer prices spiked.
