Income Trends and Non-Wage Outcomes (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What kept wage differences small in Australia during the 1980s?
What kept wage differences small in Australia during the 1980s?
Centralised award wages system
What does enterprise bargaining involve?
What does enterprise bargaining involve?
Workplace-level pay negotiations
What percentage of total income did the highest-earning 20% receive in 2017-18?
What percentage of total income did the highest-earning 20% receive in 2017-18?
40.4%
How much more did high-income earners earn compared to the lowest quintile?
How much more did high-income earners earn compared to the lowest quintile?
More than five times greater
Which is an example of a non-wage outcome?
Which is an example of a non-wage outcome?
Superannuation contributions
When can workers access their superannuation savings?
When can workers access their superannuation savings?
Upon reaching retirement age
Which group had the highest wellbeing score according to the Australian Unity Wellbeing Index?
Which group had the highest wellbeing score according to the Australian Unity Wellbeing Index?
Retired people with score 78
What was the most important factor for job satisfaction in the 2014 study?
What was the most important factor for job satisfaction in the 2014 study?
Flexibility to balance work and life
How does declining union membership affect wages?
How does declining union membership affect wages?
Creates greater pay variation within jobs
Which income group experienced the largest relative losses over two decades?
Which income group experienced the largest relative losses over two decades?
Middle-income groups