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The Australian Bureau of Statistics (ABS) has released employee earnings for the year ended August 2021, with median employee earnings rising $50 (4.3%) to $1200.
However, median hourly earnings remained steady at $36 per hour since August 2020, suggesting the increase in pay has arisen from working more hours:
As shown above, women (3.3%) have experienced a bigger lift in annual earnings over the past 6 years than men (2.7%), although men (6.2%) enjoyed a bigger increase in earnings than women (1.8%) over the past year.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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