Off the Charts
A picture tells a thousand words and Off the Charts is where you’ll find the charts and graphs that tell the most interesting stories. Across all the areas the Australia Institute covers, we give you the pictures that help you understand what is really going on in the world.
August 2022
Real wages have not kept up with productivity
When you count earnings per waged hours it is very clear that real wages have not kept up with productivity
Average full-time earnings rose just 1.9% in the past year
Average annual earnings growth slowed over the past 6 months while real average earnings plummeted
Underutilisation lowest since 1982; wages growth highest since…. 2014
Underutilisation is at 40 year lows; wages are not even at 10 year highs
Real wages plunge to 2012 levels
In the past year real wages fell so far they are now back to 2012 levels.
Jobs in air transport remain down even as Australians get back travelling
The lack of workers is the major reason for the flight delays and airport wait-times. People are back travelling, but the air travel workers are not.
Curated by
Off the Charts is curated by Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work.
General Enquiries
mail@australiainstitute.org.au
Media Enquiries
Luciana Lawe Davies Media Adviser
luciana@australiainstitute.org.au