This week On the Money: We look at the Fair Work Commission’s decision to increase the minimum wage by 2.4 per cent. Australian businesses and the government would have preferred half that rate, while the federal opposition says it will offer workers the respite they need. We also investigate the results of a new survey into small and medium business, which reveals a shift away from banks, as non-bank financing rises in popularity.

Show features:

• Brendan O’Connor, Shadow Minister for Employment and Workplace Relations
• James Pearson, Chief Executive of the Australian Chamber of Commerce and Industry
• Simon Isaacs, Founder and CEO of eBroker

Producers: Roderick Chambers and Vincent Su

Executive Producer: Catherine Zengerer