Quantcast
Subscribe to our newsletter

 

 

Low wage growth remains a problem affecting all levels of employment

The latest detailed data employment data has revealed that in 2017 full-time median earnings rose by less than inflation as the low wages growth problem flowed through all segments of employment while at the same time the levels of casualisation continue the trend upwards.

Low wage growth remains a problem affecting all levels of employment
smsfadviser logo
  • Guardian
  • February 28, 2018
share this article

Last year, median full-time earnings was $65,577 – a 1.5% increase on the $64,584 recorded in 2016. But that 1.5% growth in the 12 months to August last year was below the 1.8% increase in inflation in the 12 months to September. This marked the third year since 2012 that full-time median earnings had not kept pace with inflation.

Read the full article on The Guardian.

Receive the latest Public Accountant news,
opinion and features direct to your inbox.

related articles