Wage rises of 4.75 per cent on modern awards from July 1 will trigger menu price hikes and a predicted “bloodbath” for restaurants, with owners unable to absorb costs amid existing pressures.
Trump’s proposed 12.5 per cent tariff could slap Australian exporters with $1.6 billion in annual costs, erasing trade advantages and leaving them worse off than rivals.
National minimum wage jumps 6 per cent at the same time, prompting warnings from childcare and construction sectors that...
