South Korean labor unions are demanding a 16.3% increase in the minimum wage to 12,000 won for next year, citing inflation. The Minimum Wage Commission is set to decide on the rate, with business circles expected to propose a freeze or smaller hike.
The Minimum Wage Committee rejected a proposal to apply minimum wage to contract workers like delivery drivers. The vote failed 15-11, meaning the issue will be revisited next year. The committee will next discuss sector-specific minimum wage rates.
The Minimum Wage Committee is debating whether to extend minimum wage coverage to contract workers like delivery drivers. Labor unions argue it's a basic human rights issue, while management claims it's outside the committee's jurisdiction and could harm small businesses and employment flexibility.
Taiwan's Labor Minister, Hsin-Chun Hung, clarified that a job posting for a driver with a salary below the minimum wage was a "document error" and has been removed. He assured that all contracted employees, including drivers, receive at least 1.1 times the minimum wage, adhering to government regulations.
Poland's Ministry of Family, Labor, and Social Policy proposes a minimum wage increase of 180 PLN to 4986 PLN gross for 2027, representing 50% of the projected average wage. Unions, however, are demanding a higher increase to at least 5200 PLN gross.
Australia's Fair Work Commission will raise the national minimum wage to A$26.44 per hour from July 1, an increase of 5.97%. The decision aims to protect low-income workers amid global instability and inflation, while considering employment and business capacity.
Australia's Fair Work Commission announced a 4.75% pay rise for nearly 3 million workers on award wages, effective July 1. The lowest-paid workers will receive a 6% increase, raising the minimum hourly wage to $26.44.
Australia's Fair Work Commission has announced a 4.75% pay rise for nearly 3 million workers on award wages, with the lowest-paid receiving a 6% increase. The minimum wage will rise to $26.44 per hour from July 1, a decision influenced by surging fuel prices and inflation.
Australia's Fair Work Commission will raise the national minimum wage by 5.97% to $26.44/hour and award wages by 4.75% starting July 1. The decision aims to prevent real wages from declining, though it won't fully close the gap to 2021 levels.
Australia's Fair Work Commission will increase the national minimum wage by 5.97% to $26.44/hour and award wages by 4.75%, effective July 1. The decision aims to prevent real wages from declining, though full recovery to 2021 levels is not feasible this year.
Australia's minimum wage will increase by 5.97% to $26.44/hour from July 1, impacting millions. Award workers will see a 4.75% boost. The Fair Work Commission announced the decision after considering submissions from government, business, and unions.
Australia's Fair Work Commission will raise the minimum wage by 4.75% for nearly 3 million workers, with the lowest paid receiving a 6% increase. The decision, effective July 1, aims to address falling living standards amid high inflation and surging fuel prices.
Australia's minimum award wages will increase by 4.75% from July 1, with lowest-paid workers receiving larger boosts. Economists warn this could fuel inflation, pressuring the Reserve Bank to hike interest rates.
Iranian state media reports a halt in negotiations with the US over the Middle East war, citing Israel's conduct. However, US President Donald Trump stated talks are continuing rapidly, having spoken with Israeli PM Benjamin Netanyahu and Hezbollah representatives. Meanwhile, Australia awaits a minimum wage announcement.
Australia's minimum wage is set to increase by 5.97%, impacting millions. Telstra anticipates a smaller workforce by 2030 due to AI. The EU gains access to Anthropic's advanced AI model, Mythos, for cybersecurity. Meanwhile, Australian billionaires' wealth grows significantly, sparking debate on tax reform.
Iranian state media claims talks with the US on ending the Middle East war are halted due to Israel's actions in Lebanon. Conversely, US President Trump stated talks are continuing rapidly after speaking with Israeli PM Netanyahu and Hezbollah representatives.
Australia's tax system is criticized for rewarding wealth accumulation over work, with the top 1% paying nearly a fifth of personal tax revenue. Reforms to Capital Gains Tax and negative gearing are seen as steps towards fairness, but critics argue they don't go far enough to address growing wealth inequality.
Australia's Treasurer Jim Chalmers commented on the upcoming Fair Work Commission wage review, stating minimum wage workers deserve a real increase. Unions hope for 6%, while businesses warn against it. Separately, One Nation's David Farley will be sworn in, boosting their lower house representation.
France will provide a differential indemnity to 862,000 public servants to ensure their pay meets the minimum wage (Smic), which increased on June 1st due to inflation. The measure aims to address concerns about stagnant public sector wages and recruitment challenges.
France's minimum wage (Smic) will increase by 2.41% on June 1st, following inflation driven by the Middle East conflict. The hourly gross wage rises to €12.31, and the monthly gross to €1,867.02. While the government hails it as a boost to purchasing power, unions like CGT deem it insufficient to address the social crisis.
France's Public Accounts Minister David Amiel confirmed that social contribution relief for businesses on low wages will be frozen despite the upcoming minimum wage increase. The government will not increase the €74 billion budget envelope for this relief, citing the need for targeted aid and avoiding benefits for well-off companies.
Wes Streeting, UK Health Secretary, met with Labour leader Keir Starmer for 16 minutes amid speculation of a leadership challenge. Streeting's brief departure suggests a lack of cordiality, but it's unclear if a challenge was declared. The meeting coincides with the King's state opening of parliament.
India's labor market is shifting from agriculture to non-farm jobs, yet agriculture remains a significant employer. While overall labor force participation is steady, stark gender, caste, and geographic inequalities persist, impacting access to stable, better-paying work. Informality continues to dominate, with a substantial portion of casual workers earning below minimum wages.
The head honcho thinks splurging nearly $10 on a beverage during a cost-of-living crisis is fine for a ‘special experience’. It’s time to offer my own valuable adviceI don’t mean to vent, but what is up with Starbucks CEO Brian Niccol’s obscenely large compensation package? Niccol, who joined the company in 2024, is one of the best-paid executives in the US, raking in $96m (£70m) in just his first four months on the job. The man makes 6,666 times more than the company’s typical employee, according to a 2025 Executive Paywatch report. He also regularly commutes to work via private jet. Can’t expect a strategic genius to live next to the office like the rest of the hoi polloi.Still, while he might be good at flogging drinks, Niccol apparently has trouble reading a room. As the cost of living surges, and the federal minimum wage remains at $7.25, the CEO is getting roasted for calling a $9 coffee “a really affordable premium experience”. Speaking to the Wall Street Journal, Niccol noted that the K-shaped economy, in which higher-income households are thriving and splurging while the bottom half struggles, isn’t really affecting business. Continue reading...
