Wages in Australia are rising, but do people feel it?

Salaries in Australia are increasing, with some improvements observed since COVID-19, according to data from the Australian Bureau of Statistics (ABS).

Source: SBS

Key Points

• According to the ABS's annual measure of employee earnings, the median weekly income before tax increased to $1,300 by August 2023.
• In addition to this data, other statistics suggest that salaries are improving and a genuine rise in earnings is visible in Australia.
• Economists expect real wage growth to continue, but they say it might still be too early to feel its benefits.