Minimum wage increase to hurt retailers

Independent retailers will be hardest hit by the Fair Work Commission’s decision to lift minimum wages by 2.5 per cent a week in the next financial year. As from the first full pay period after July 1 2015, wages under the General Retail Industry Award (GRA) will rise by 2.5 per cent a week. They will go up from $18.52 to $18.99 per hour to $721.50 a week, before penalty rates are added. According to the Australian National Retailers Association (ANRA), the decision will affect around 370,000

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