How Wage Growth Compares over years.
The following chart, from the Australian Bureau of Statistics, shows each quarters annualised wage growth percentages.
The latest figures of 2.4%, released for the year ended March 2022, is the equal highest, in the years covered, with the December 2018 year which was also … Read the rest
Australian Median Incomes by Government.
Have wages really risen higher under a Coalition Lib/Nat government than under Labor?
On 7 September 2013, Liberal won the Federal Election.
During the 8 years of this Liberal government, the Median Full Time Weekly wage rose from $1,150 to $1,499. That is an … Read the rest
Minimum Wage rise: 3.0% or 5.5%?
Annual CPI inflation increased to 5.1 per cent in the March quarter, mainly due to higher dwelling construction costs and automotive fuel prices. abs.gov.au
Following this inflation rise, there are some who want to see an equal rise in wages, to compensate for these … Read the rest
Grattan Institute report: Migrants in the Australian workforce.
A new report by the Grattan Institute stated that “86 per cent of employer-nominated visas were granted to people already in Australia, as were 90 per cent of ‘Skilled Independent’ permanent visas”.
The report ‘Migrants in the Australian workforce’ is available from:… Read the rest
Median Incomes in Australian States.
According to the Australian Bureau of Statistics (ABS), the median full time Income has changed from $1,435 per week in 2020, up to $1,499 per week in 2021.
This is in a increase of 4.46% over the year.
The median full time Incomes in each … Read the rest
2022/23 Australian Minimum Wage.
Any changes to the Australian minimum wage will be notified sometime between May and June 2022.
This page will be updated when the Fair Work Commission releases any changes. Presumably in June 2022.
On 16 June 2021, the Fair Work Commission announced it will raise the … Read the rest
Victorian Sick Pay for Casuals.
Some casual workers in Victoria will be the first to receive sick leave, as part of a two year trial.
An estimated 150,000 workers will be eligible for up to five days of paid sick leave per year during the two-year trial, under the Victorian … Read the rest
2021/2022 Australian Minimum Wage.
The Australian government has announced an increase in the minimum wage from July 2021.
Australia’s minimum wage will rise to $20.33 an hour from 1 July 2021.
This will be an extra $18.80 per week, taking the weekly pay to $772.60 a week for full-time workers.… Read the rest
From 1st July 2021 most employers will increase their contribution to their employees compulsory superannuation from 9.5% to 10%.
This is an extra $5 per week for someone on $1,000 per week, going into their retirement fund.
However, not all employees are happy with that money going into their super … Read the rest
Australian Annual Personal Median Income.
The Median personal income in Australia during 2017-18 was $49,805 per year.
In 2017-18 the Australian Capital Territory had the highest median income at $64,332 per year.
Tasmania had the lowest median income at $45,546 per year.
Median Income of Employees 2017-18:
(This covers employees … Read the rest