December 9th 2024.
According to the latest employment statistics, the typical Australian worker earns just under $1400 per week. This data, collected by the Australian Bureau of Statistics, shows a modest increase of 7.4 percent in weekly wages from $1300 to $1396 since August 2023. Additionally, the average hourly wage also saw a slight rise, reaching $40, a 30 cent increase from the previous year.
For those working part-time, the median wage was reported at $691 per week. However, when focusing solely on full-time workers, the weekly wage was found to be $1700, an increase of $100 from the previous year's $1600. Interestingly, the ABS also noted that the median weekly income for women has been rising at a faster rate than men over the past five years. Despite this, there is still a significant gender gap in wages, with men earning an average of $377 more per week than women. In August 2024, the median weekly earnings for men were reported at $1577, while women earned $1200.
In addition to wage data, the employment statistics also shed light on the changing work landscape in Australia. The number of Australians regularly working from home has slightly decreased, with 36 percent reporting this as their usual work arrangement, a 1 percent decrease from the previous year. However, this is still 4 percentage points higher than pre-pandemic levels, indicating that many of the changes brought about by the pandemic continue to affect work arrangements.
Interestingly, the data also showed a growing preference for casual work among Australians. In fact, 75 percent of casual workers actually prefer this type of employment. The main reason cited for this preference was the higher hourly pay rate. For the remaining quarter of casual employees who would prefer a non-casual job, the most common reasons were to have access to paid leave entitlements and to have more job security. These findings suggest a shift in the traditional work model and highlight the importance of flexibility and fair employment benefits in today's workforce.
[This article has been trending online recently and has been generated with AI. Your feed is customized.]
[Generative AI is experimental.]
