Higher minimum wages may be better for the economy

In Australian business gets a good deal from the minimum wage Damian Oliver and John Buchanan show why the minimum wage can be good for business.

These are precisely the factors that the Fair Work Commission takes into account each year in its minimum wage case and they are the reasons why the latest increase is entirely justifiable on economic as well as social grounds. Far from being ashamed or embarrassed by our wage rates, Australians should be proud of our minimum wage and the institution we as a nation have nurtured for over a century.