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AAP
AAP
Business
Jacob Shteyman

Minimum wage tops $1000 a week, stoking inflation fears

Inflation Jim Chalmers Fair Work Commission
Unions have welcomed the wage decision, while employers fear it could have negative effects. (Joanna Kordina/AAP PHOTOS)

Workers on the minimum wage will receive more than $1000 a week for the first time, but businesses and economists warn the pay bump could fuel inflation and more rate rises.

Industrial umpire the Fair Work Commission handed a 4.75 per cent pay boost to almost three million Australian workers on industry awards as part of its annual wage review on Tuesday.

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