Labor's auguring on the $1 an hour issue on the low wage is just nothing to the people paying this.
The national minimum wage is currently $20.33 per hour or $772.60 per 38 hour weekOk add another $38 to that gross figure, there are many other costs that add onto that, that increase the cost of any business large or small.
10% of super paid goes up and what about workers comp that is paid for the gross amount paid for the coming financial year.
WorkCover Queensland ('WorkCover') calculates your premium based on the actual wages paid during the last financial year, and the estimated wages you expect to pay in the current financial yearLong service, leave loading and all the extras that get paid by the employer somewhere along the line all goes up.
Look everyone can argue good or bad, but somewhere the end user will pay extra which is you and me across the board and it always has been that way.
Example of Wage Push Inflation
If a state raises the minimum wage from $5 to $20, then a company must pay its employees $20; however, now its cost of producing its goods and services has gone up because its cost of labor is now more expensive. To compensate for the increase in costs, the company must increase the prices of its products on the market. But because the goods and services become more expensive, the initial $15 raise in wages isn't enough to propel a consumer's purchasing power, and the wage must be raised again, therefore causing an inflationary spiral.
https://www.investopedia.com/terms/w/wage-push-inflation.asp
