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…
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.
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.
SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
PREFER TO SUBSCRIBE VIA EMAIL?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.