Australia's minimum wage is set to rise by 3.75% on July 1, reaching $24.10 per hour for full-time workers.

The wage increase will benefit over 2.6 million employees.

The Fair Work Commission's decision considers economic conditions, inflation, and gender pay gap issues.

Last year's wage increase did not lead to a wage-price spiral, and inflation decreased.

The raise will apply to award wage workers, covering 121 awards.

Unions advocated for a higher increase compared to business groups.

The commission plans to address gender undervaluation in industries such as early childhood education and care.

Industry groups had mixed opinions, with concerns about increased cost pressures on businesses, especially small businesses.

Despite criticism for not implementing an interim pay rise in female-dominated industries, the government supports the increase to prevent low-paid workers from falling behind.

The Commission aims to further examine pay in female-dominated sectors in the future.