Hi there. To be Wednesday 15 June and you’re reading The Loop, a brief summary of today’s news.
One thing to know: wages will rise for millions of Aussies
Today the Fair Work Commission stipulates that the minimum wage should be increased by 5.2 percentincreasing it by $1.05 per hour to $21.38 per hour.
The Commission said its decision would affect: more than 2.7 million employeesas well as other employees on company agreements and other payment institutions.
Here are a few things to know:
- The change takes effect on July 1st
- Employees with compensation rates are going up 4.6 percent – still a cut in real wages, as inflation is at 5.1 percent – with a weekly increase of at least $40 for employees with pay rates less than $869.60 per week
Here are some of the responses we heard today:
- Prime Minister Anthony Albanian said he “absolutely” welcomed the Commission’s ruling
- The Australian Chamber of Commerce warned that the decision will cause more stress for companies
- Sally McManus, head of the Australian Council of Trade Unions, said the decision was a victory for the workers. Here’s some of what she had to say:
We’ve heard more about power supply problems in Australia
Today the Australian energy market operator (AEMO) took the extraordinary step of wholesale electricity spot market suspensionwhich is at the center of our electricity system.
AEMO says it is trying to simplify things and secure a reliable electricity supply amid potential power outages in some states.
It comes after some power generators cut their stocks when a price cap was introduced.
This is how AEMO CEO Daniel Westerman described the situation:
“We are seeing very challenging times. Right now we are seeing the market not being able to handle all the factors. Frankly, those factors are quite extreme ranging from generators that are both planned and unplanned outages, very high demand — [There are] a confluence of factors at hand.”
He also said supplies “will remain tight in the coming days, particularly in New South Wales”, and urged people in that state to conserve energy if possible.
This is the first time the market has been suspended nationally and will be reviewed daily in each state.
News you may have missed
- Consumer group CHOICE Refers Kmart, Bunnings and The Good Guys to Australian Information Commissioner’s office to investigate possible privacy law breaches about their use of facial recognition technology† Here’s what CHOICE said about it today…
This is what Australia was looking for online
- England v Hungary† The Hungarian football team produced a “miracle” by beating England 4-0 in the Nations League to give the English their worst home defeat in 94 years. It wasn’t a great day for Italy either…
- TISM† The infamous Australian band has reformed and announced their first performance in nearly 20 years† Founded in 1982, the anonymous outfit was legendary in the Melbourne underground before gaining mainstream attention in the 1990s. Let’s relive some of those glorious years…
One more thing: RIP Internet Explorer
It’s a sad (but happy?) day in the world of technology, with Microsoft’s beloved (and much-maligned) web browser Internet Explorer officially “retired” as of today.
It has been replaced by Microsoft Edgewhich first arrived in 2015.
Launched in 1995, Internet Explorer was the dominant browser for more than a decade, helping us access everything from MSN Messenger to Yahoo!, Myspace, Miniclip, Ask Jeeves, and Club Penguin.
Goodbye forever, Internet Explorer.
You are informed!
See you tomorrow for more news and web browsing.
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