Annualised Wage Growth in Australia

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 Labor and Liberal

Australian Median Incomes by Government.

Have wages really risen higher under a Coalition Lib/Nat government than under Labor?

2013
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

Australian Minimum Wage Rise in 2022

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

Migrants in the Australian workforce. 2022

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

Australian Minimum Wage July 2022

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

Compulsory Super to Rise to 10 per cent.

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

Median Personal Income in Australia 2011-2018

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