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The latest release shows that the median gross household income in 2013–2014 was $80,704, and the average of all households was $107,276. [ 1 ] Median household income in NZ 2004–2008
The average debt was 20% of gross assets. The proportion of people with wealth above US$100,000 was the highest in the world (eight times the world average). Australia had 3.8% (1,783,000 people) of the top 1% of global wealth holders while having 0.4% of the world's adult population. [75]
The average wage is a measure of total income after taxes divided by total number of employees employed. ... Australia * 52,502 60,585 65,335 63,926
In the early 1950s, the Menzies government saw Australia as part of a "triple alliance", in concert with both the US and traditional ally Britain. [18] At first, "the Australian leadership opted for a consistently pro-British line in diplomacy", while at the same time looking for opportunities to involve the US in South East Asia. [ 19 ]
By comparison, it is estimated that the average CEO Pay Ratio was about 20 times the typical worker’s pay in the 1950s, with that multiple rising to 42-to-1 in 1980, and to 120-to-1 in 2000". [3] While not as extreme, similar trends have been observed around the world.
In 1907, the Harvester case ruling that established the right to a basic wage, a 'fair and reasonable' minimum wage for unskilled workers of 7 shillings. In 1910, the federal government introduced a national currency, the Australian pound .
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As we saw, under such policies an unemployment rate of 10 per cent was needed to bring wage claims down to their present state, one in which virtually no increases at all are taking place. [ 16 ] The official Australian unemployment rate did fall under the early Accord, reaching a minimum of 6% in 1990, but rapidly increased between 1990 and ...