Wage Inflation Looms for Aussie Retailers as Junior Pay Rates Abolished -- Market Talk

Dow Jones

06/03

2305 GMT - The decision by Australia's Fair Work Commission to abolish junior pay rates for 18-to-20-year-olds by 2029 is likely to add to wage inflation, says Jefferies. That's bad news for many retailers. Analyst Michael Simotas expects an additional 50 basis points of wage inflation over FY27-30. Some retailers will be less affected than others given existing enterprise agreements. Jefferies says Wesfarmers's DIY chain Bunnings is best-positioned because it already pays employees aged at least 18 years an adult rate. "Kmart, Target, Officeworks, Supercheap Auto, Rebel, BCF, Macpac, Woolworths, Big W, and Coles have existing enterprise agreements which pay employees 20 years or older an adult rate," Jefferies says. "BWS and Dan Murphy's pays all employees, regardless of age, an adult rate." (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 02, 2026 19:05 ET (23:05 GMT)

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That's bad news for many retailers. Analyst Michael Simotas expects an additional 50 basis points of wage inflation over FY27-30. Some retailers will be less affected than others given existing enterprise agreements. 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That's bad news for many retailers. Analyst Michael Simotas expects an additional 50 basis points of wage inflation over FY27-30. Some retailers will be less affected than others given existing enterprise agreements. Jefferies says Wesfarmers's DIY chain Bunnings is best-positioned because it already pays employees aged at least 18 years an adult rate. \"Kmart, Target, Officeworks, Supercheap Auto, Rebel, BCF, Macpac, Woolworths, Big W, and Coles have existing enterprise agreements which pay employees 20 years or older an adult rate,\" Jefferies says. \"BWS and Dan Murphy's pays all employees, regardless of age, an adult rate.\" (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 02, 2026 19:05 ET (23:05 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EDV.AU","symbol_name":"Endeavour Group Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640524921","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640524921","pubTimestamp":1780441500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2305 GMT - The decision by Australia's Fair Work Commission to abolish junior pay rates for 18-to-20-year-olds by 2029 is likely to add to wage inflation, says Jefferies. That's bad news for many retailers. Analyst Michael Simotas expects an additional 50 basis points of wage inflation over FY27-30. Some retailers will be less affected than others given existing enterprise agreements. Jefferies says Wesfarmers's DIY chain Bunnings is best-positioned because it already pays employees aged at least 18 years an adult rate. \"Kmart, Target, Officeworks, Supercheap Auto, Rebel, BCF, Macpac, Woolworths, Big W, and Coles have existing enterprise agreements which pay employees 20 years or older an adult rate,\" Jefferies says. \"BWS and Dan Murphy's pays all employees, regardless of age, an adult rate.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EDV.AU":"Endeavour Group Ltd","BK7501":"新冠治疗股","BK7040":"食品零售","BK7511":"ESG概念","BK4114":"综合货品商店","BK7041":"综合货品商店","BK7153":"综合零售","BK4220":"综合零售","COL.AU":"COLES GROUP LTD","BK7128":"专卖店","WOW.AU":"WOOLWORTHS GROUP LTD","WFAFY":"Wesfarmers Ltd.","SUL.AU":"SUPER RETAIL GROUP LTD","BK7082":"大卖场与超市","WES.AU":"WESFARMERS LTD"},"translate_title":"随着初级工资率被取消，澳大利亚零售商的工资通胀迫在眉睫——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WES.AU":0.9,"COL.AU":0.9,"EDV.AU":0.9,"SUL.AU":0.9,"WFAFY":0.9,"WOW.AU":0.9},"content_text":"2305 GMT - The decision by Australia's Fair Work Commission to abolish junior pay rates for 18-to-20-year-olds by 2029 is likely to add to wage inflation, says Jefferies. That's bad news for many retailers. Analyst Michael Simotas expects an additional 50 basis points of wage inflation over FY27-30. Some retailers will be less affected than others given existing enterprise agreements. Jefferies says Wesfarmers's DIY chain Bunnings is best-positioned because it already pays employees aged at least 18 years an adult rate. \"Kmart, Target, Officeworks, Supercheap Auto, Rebel, BCF, Macpac, Woolworths, Big W, and Coles have existing enterprise agreements which pay employees 20 years or older an adult rate,\" Jefferies says. \"BWS and Dan Murphy's pays all employees, regardless of age, an adult rate.\" (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 02, 2026 19:05 ET (23:05 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}