Wages


What employees earn

According to an ABS survey from May 2010, the average weekly total cash earnings were $1,010.30 for all employees, $1,192.10 for male employees and $827.70 for female employees. The breakdown between different occupations is particularly enlightening, reports Richard Farmer.

Why Americans should take a pay cut

With nearly 20% of US workers currently unemployed, the best way for workers to protect their current struggling employers is to agree to a drop in wages, writes Derek Thompson. Better to pay workers less than having the government pay unemployment benefits

How much do musos earn?

Ever wondered how much money a musician can make through the various traditional and new media outlets? Depressingly, a lot of last.fm plays need to be had for a muso to earn a decent wage online.

Public sector keeps wages growing faster than they should be

Wages growth in Australia continues to ease, as the Reserve Bank says it has, but that’s not to say the public sector hasn’t done its best to keep wages growing faster than they should be.

Wall St wages vs. Average wages

A disturbing chart tracks the average tracking the average Wall St bonus against the average American wage since 1985. And despite the GFC, they’re on the rise again. No wonder bankers are feasting on $43 steaks.

How long do you have to work to buy a Big Mac?

Your pay is only as good as your purchasing power. The Economist compares how long it takes a worker on the average wage in 73 cities to earn the price of a Big Mac at their local McDonald’s. Over two hours in Mexico! Save your pesos for something better, Mexicans.

Executive pay: regulation is not a dirty word

In the midst of a global recession, few issues have galvanized public anger in developed countries as much as executive pay, writes CFMEU national secretary John Sutton.

457 visa argument revives anti-migrant sentiments

The strained logic underprinning the thesis that 457 visas are supressing inflation and wages veers into Hanson-esque language in its argument against migration, writes Andrew Bartlett.

10,000 457s a month keeping down inflation — and wages

457 visas are now being granted at a rate of more than 10,000 a month. In June, 1,200 of those visas took less than a week to process, writes Michael Pascoe.

Your Say: Daily Mail readers' feedback: Comments, corrections, clarifications, and c*ckups

One last scare campaign with interest … doctors’ wives and North Sydney … The Oz and interest rates … Turnbull on gay super … Facebook whingers …

Crikey Says: Crikey says

The Reserve Bank lifted rates this morning. This was not entirely unexpected. OK, so the PM’s pitch is this: things are going gangbusters (we’re going for growth after all), but at least you can trust us to hold your wages down. Don’t expect Kevin to do that, he’ll give you more money.

PM’s startling economic promise: lower wages

In case you’ve missed it, John Howard wants you to vote for him because he promises wages will be lower under a coalition government than under Labor, writes Michael Pascoe.

IR policy gives the lie to Rudd’s economic credibility

In Kevin Rudd’s “me too” scramble to replicate every conservative economic thing that John Howard is, there’s one glaring difference, the threat of wage-induced inflation. Even though Rudd would not wish wage-induced inflation onto the Australian community his undertaking to destroy WorkChoices ”lock stock and barrel” would most likely ignite that inflationary flame.