Australia raises its minimum wage by 3.5%, according to Reuters

From July 1, the minimum wage will be increased from $24.10 per hour, to $24.94 an hour.

• the increase is above inflation, currently at 2.4%
• but less than the 4.5% called for by the Australian Council of Trade Unions

This article was written by Eamonn Sheridan at www.forexlive.com.