Rising wages leave a sour taste for family business

The latest lift to the minimum wage is another blow to family businesses already struggling with high penalty rates. And it's family members who will have to pick up the slack.

The Fair Work Commission’s decision earlier this month to grant an $18.70-a-week pay rise, pitched half-way between the ACTU’s claim for a $27-a-week increase and employers who wanted the rise kept at $8.50 a week is set to hit family businesses hard, and comes as unions and business prepare to do battle over penalty rates.

Alister Haigh, chief executive of Haigh’s Chocolate, a business begun by Alister’s great grandfather Alfred, says the wage decision comes at a bad time for the business.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles