The results are in for the 2021 Australian census, and I find the figures for Median Weekly Incomes to be interesting.
The figures are released for three groups, and cover everyone in Australia:
On 15 June 2022, the Fair Work Commission announced it will raise the national minimum wage by 5.2% from 1 July 2022, taking the permanent workers minimum wage to $21.38 per hour, or $812.60 a week for full-time workers.
This gives a full time permanent worker, … Read the rest
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
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
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
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
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
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
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
