Average Salary Increase Australia 2024. In august 2023, median weekly earnings for employees was $1,300, up $52 from $1,248 in august 2022. This follows three consecutive quarters with annual wage increases of 4.2%.
Treasury analysis shows that decade high wages growth that has pushed the average fulltime pay above $100,000 is now the biggest driver of consumer price inflation. According to the australian bureau of statistics, annual wage growth from march 2023 to march 2024 was 4.1 per cent, down from 4.2 per cent last quarter.
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