A snapshot of Australia by income, gender and work

Wages are stagnating and women have not benefited nearly as much as men from earlier wage increases.

And what if small business isn’t the powerhouse we’ve been led to believe?

What recent HILDA data has to tell us about gender, income and work, writes…

Declan O’Hara, The Conversation; Emil Jeyaratnam, The Conversation; Helen Westerman, The Conversation, and Wes Mountain, The Conversation28785172 - australia high resolution earnings concept

At face value Australians are doing well.

Since 2001 mean disposable income has increased by almost 32%, and weekly wages have been consistently rising.

But the majority of growth was prior to 2009.

Since the global financial crisis household incomes have stagnated.

And not everyone has benefited equally from the boom years – men have done disproportionately well out of wage increases.  

This is revealed in the latest release of the Household, Income and Labour Dynamics in Australia (HILDA) Survey, which collects information on Australian households, focusing on economic and subjective well-being as well as labour market and family dynamics.

And when it comes to work, while policymakers concentrate on tax cuts for smaller companies, HILDA shows small business is not a big employer overall and tends to employ older workers in traditional fields.

In fact, if you want to be well-paid, you are better off with a larger employer.

The Household, Income and Labour Dynamics in Australia Survey: Selected Findings from Waves 1 to 14, CC BY-ND

This infographic is part of a series on the recent release of HILDA survey data.


Declan O’Hara, Editor, The Conversation; Emil Jeyaratnam, Multimedia Editor, The Conversation; Helen Westerman, Business + Economy Editor, The Conversation, and Wes Mountain, Deputy Multimedia Editor, The Conversation

This article was originally published on The Conversation.

Read the original article.

Also published on Medium.

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Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au

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