Australia's minimum wage will rise by $40 a week to $21.38 an hour, after the Fair Work Commission delivered their annual decision on the rate. The new figure represents a 5.2 per cent increase, and comes amid fears over rising inflation. Unions have argued there should be a 5.5 per cent increase to keep ahead of the current inflation rate, which is 5.1 per cent. The Australian Industry Group argued any increase should be limited to 2.5 per cent. Last year the national minimum wage increased by 2.5 per cent to $772.60 a week or $20.33 an hour. Reserve Bank Governor Philip Lowe this week warned inflation could reach ... (full story)