Hi there. This is Wednesday June 15 and you’re reading The Loop, a quick summary of today’s news.
One thing to know: wages are set to rise for millions of Australians
Today the Fair Work Commission decided that the minimum wage should be increased by 5.2%bringing it from $1.05 per hour to $21.38 per hour.
The Commission said its decision would affect more than 2.7 million workersas well as other employees under company agreements and other compensation parameters.
Here are a few things to know:
- The change will take effect on July, 1st
- Paid workers will increase 4.6% – still a reduction in real wages given inflation is 5.1% – with a minimum weekly increase of $40 for workers with award rates below $869.60 per week
Here are some of the reactions we heard today:
- Prime Minister Anthony Albanian said he “absolutely” welcomes the Commission’s decision
- The Australian Chamber of Commerce warned that the decision will put businesses under more stress
- Sally McManus, head of the Australian Council of Trade Unions, said the move was a victory for workers. Here is part of what she had to say:
We heard about Australia’s electricity supply problems
Today the Australian Energy Market Operator (AEMO) has taken the extraordinary step of suspending the wholesale electricity spot market, which sits at the center of our electricity system.
The AEMO says it is trying to keep things simple and ensure a reliable supply of electricity amid potential blackouts in some states.
It comes after some electricity generators stopped supplying when a price cap was introduced.
Here’s how AEMO’s CEO Daniel Westerman describes the situation:
“We are living in very difficult times. Right now, we are seeing that the market is not able to cope with all the factors that are being thrown at it. Frankly, these factors are quite extreme, ranging from generator failures planned and unplanned, very high demand — [There are] a confluence of factors at hand.”
He also said supply “will remain tight for the next few days, particularly in New South Wales”, and urged people in that state to save energy if they can.
This is the first time the market has been suspended nationwide and it will be reviewed daily in every state.
News you may have missed
- consumer group CHOICE refers Kmart, Bunnings and The Good Guys to the Australian Information Commissioner’s Office to investigate potential breaches of privacy law regarding their use of facial recognition technology. Here’s what CHOICE had to say about it today…
Here’s what Australia searched online
- England v Hungary. The Hungarian football team performed a ‘miracle’ by beating England 4-0 in the Nations League, handing the English their worst home defeat in 94 years. It wasn’t a great day for Italy either…
- TISM. The infamous Australian band have reformed and announced their first performance in nearly 20 years. The anonymous outfit formed in 1982 and was legendary in the Melbourne underground before finding mainstream attention in the 90s. Let’s relive some of those glorious years…
One more thing: RIP Internet Explorer
It’s a sad (but also happy?) day in the tech world, with Microsoft’s much-loved (and much maligned) web browser Internet Explorer officially “retired” as of today.
It was replaced by Microsoft Edgewhich first happened in 2015.
Launched in 1995, Internet Explorer has been the dominant browser for over a decade, helping us access everything from MSN Messenger to Yahoo!, Myspace, Miniclip, Ask Jeeves and Club Penguin.
Farewell forever, Internet Explorer.
You are up to date!
See you tomorrow for more news and web browsing.