Business
What will it take to see wages grow in Australia? – Yahoo Finance Australia
Young workers’ wages have declined in the last decade – and it’s only going to get worse.
Young Australians have lost a decade of income growth, and as the nation enters a recession that looks perilously similar to a depression, its only going to get worse.
A new report by the Productivity Commission revealed that young peoples average incomes declined between 2008 and 2018. In contrast, wage rates for Aussies aged 35 to 54 continues to grow.
Retirees and those over 65 fared even better, with their income rising by 3.2 per cent per year.
The income slow is so severe, 15 to 25 yea…
-
Noosa News10 hours agoMan arrested following alleged armed rape and kidnapping in Maroochydore
-
Business10 hours agoUp 113% in a year, ASX 200 gold stock reports Q1 sales of 91,477 ounces
-
General7 hours agoCarnarvon locals help rescue tourist hit by ‘king wave’ along Quobba coastline
-
Business9 hours agoWhy Amplitude Energy, Brazilian Rare Earths, Nexgen, and Northern Star shares are falling today