Wage Outcomes (HSC SSCE Economics): Flashcards
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% of Australian household income from wages/salaries
% of Australian household income from wages/salaries
56%
Nominal wage
Nominal wage
Pay in dollar terms without adjusting for inflation
Real wage
Real wage
Purchasing power of wages adjusted for inflation
Labour productivity
Labour productivity
Output per unit of labour per unit of time
Median CEO pay in Aus. top 100 companies (2018)
Median CEO pay in Aus. top 100 companies (2018)
$4.4 million per year
Highest vs lowest paid occupation groups (2018)
Highest vs lowest paid occupation groups (2018)
Managers (600/wk)
Age group with highest median weekly income
Age group with highest median weekly income
35-44 years ($1,268/week)
Women's avg weekly earnings as proportion of men's (2019)
Women's avg weekly earnings as proportion of men's (2019)
About two-thirds (1,476)
Largest factor contributing to gender pay gap
Largest factor contributing to gender pay gap
Sex discrimination (38% of gap)
Indigenous Australians' income vs overall population
Indigenous Australians' income vs overall population
71% (876/week)