Land of the do-nothing fat cat

David Llewellyn-Smith

Wednesday, 24 January 2024

From the ABS just now.

Median weekly earnings were $1,300.00 for all employees, $1,509.00 for males and $1,130.00 for females.
Occupations with the highest hourly earnings were Managers ($67.20) and Professionals ($60.60).
Individual arrangement was the most common method of setting pay (38.7%), followed by collective agreement (34.0%).

Land of the do-nothing fat cat:

We are incentivising our best and brightest to be do-nothing fat cats.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.