The average Australian Male Full time wage has risen by an average of 4.77% each year, for the 10 years between May 2000 and May 2010, according to figures produced by the Australian Bureau of Statistics.
May 2005 was the highest growing year at 6.64% for the year, with May 2006 showing the lowest growth at 2.20% for that year.
Looking at a longer term of 15 years, from May 1995 and May 2010, the average annual growth was 4.3285%. This shows that the current decade is appearing to have a slightly faster wage growth than the latter half of the previous decade.
Each years “average” wage and the corresponding 12 months growth is shown in the following chart.
Average Full Time Male Total earnings including overtime:
|12 Months ended||Annual Wage||Annual Change|
Source: ABS 6302.0 Average Weekly Earnings, Table 2. Average Weekly Earnings – Seasonally Adjusted