Australia is experiencing negative wage growth in 20 years

Australia experienced negative wage growth in 2021, according to a new report done by The McKell Institute.

The report found out Australians experienced a wage cut of 2.1 per cent, following a sustained period of low wage growth since 2013.

The average worker would have earned an extra $307 per week if the rate of wage growth from 2007 to 2013 had been maintained through 2014 onwards.

The most affected states are Queensland and Western Australia.

Image: Image by chris s from Pixabay

Produced By: Georgie Bulluss

Featured In Story: Michael Buckland – Executive Director of The McKell Institute

First aired on The Wire, Friday 29 April 2022

DATE POSTED
Thursday 28th of April, 2022

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