Original article by David Marin-Guzman
The Australian Financial Review – Page: 4 : 16-Aug-19
The Australian Bureau of Statistics reported on 15 August that full-time employees are earning an average of $1634.80 a week for ordinary time work. This represents an increase of 3.1 per cent for the year to May, and compares to an increase of 2.7 per cent for the previous year. Professor Mark Wooden from Melbourne University noted that with the CPI at 1.5 per cent, weekly earnings are well above inflation. By way of contrast to the average earnings data, the wage price index (WPI) has remained at 2.3 per cent for the first half of 2019.
AUSTRALIAN BUREAU OF STATISTICS, UNIVERSITY OF MELBOURNE