00:01So let's put this argument to bed once and for all. The impact of the minimum wage increases
00:07is only 0.6% of the overall national wage bill. Now whilst there's 23% of people, remember
00:14they're low paid, a lot of casual, a lot of part time people there. So the impact overall
00:20is so tiny. So even if those workers had a really large pay increase, it's not going
00:25to affect the rest of inflation for everyone. Of course other workers will be looking for
00:30pay rises as well but there's not a clear nexus between the two. These particular workers,
00:36as I said before, they're not bargaining, they've got no other way to get ahead. This
00:41is the one chance they have to get ahead every single year and they're behind and we won't
00:45see. We will not put up with seeing these workers go backwards like they did during the last
00:51inflation spike. There's no group of workers that are hurting
00:54more from cost of living increases than low paid workers and we're talking about 23%
00:59of the workforce that depend on the minimum wage bill increase. So they're more likely
01:04to be renters. Obviously they've got nowhere to go when things go up in terms of petrol
01:09or of course if they end up going up in supermarkets. So it's absolutely essential that these workers
01:14get ahead. Actually like they copped it the most during the inflation spike of 2022 and they're
01:21still behind where they were in 2021. So we must have a pay rise that gets them in front
01:28of inflation at this time.
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