The Australian minimum hourly wage is currently $21.38 per hour. In 2021, the Australian minimum wage for a standard 38 hours work week equates to $812.60 per week. You can use the following simple formula to calculate the annual minimum wage: $812.60 per week × 52 workweeks in a year = $42,255.20.
The National Minimum Wage
This is the minimum pay rate provided by the Fair Work Act 2009 and is reviewed each year. As of 1 July 2022 the National Minimum Wage is $21.38 per hour or $812.60 per week.
If you are not under an award as a junior employee, the percentages of the national minimum wages are as follows: under 16 years of age: 36.8% of national minimum wage = lowest hourly rate of $7.30. 16 years of age: 47.3% of national minimum wage = minimum hourly rate of $9.38.
The federal minimum wage for covered nonexempt employees is $7.25 per hour.
adjective. If you describe someone or their job as low-paid, you mean that their work earns them very little money.
What is the current national minimum wage? From 1 July 2022, the national minimum wage is $21.38 per hour or $812.60 per 38 hour week (before tax). Casual employees covered by the national minimum wage also get at least a 25% casual loading.
Characteristics of Employment, Australia
In August 2022: Median employee earnings was $1,250 per week, an increase of $50 since August 2021 (4.2%). 12.5% of employees were trade union members (1.4 million). 2.7 million casual employees (23% of employees, 20% of all employed), up from 2.4 million in August 2021.
The average annual income range for the Australian middle class is between AUD 46,000 and AUD 140,000. What are the most common occupations for the Australian middle class?
The average full time salary in Australia is $70,005 per year or $35.90 per hour. Entry-level positions start at $57,510 per year, while most experienced workers make up to $105,085 per year.
How does the salary as a Students at McDonald's compare with the base salary range for this job? The average salary for a Students is $20 per hour in Australia, which is 4% higher than the average McDonald's salary of $19 per hour for this job.
Hourly pay at McDonald's Corporation ranges from an average of AU$11.13 to AU$24.77 an hour. McDonald's Corporation employees with the job title Fast Food Worker make the most with an average hourly rate of AU$12.59, while employees with the title Fast Food Worker make the least with an average hourly rate of AU$12.59.
SEEK has revealed its most- and least-applied for jobs on the jobs website for 2019, with pickers and packers' roles taking out the most-applied for job. At the other end of the spectrum, midwifery, neo-natal, NICU and SCN nursing was the least-applied for role.
The five highest paying jobs in Australia in 2022 and 2023 are surgeons, anaesthetists, internal medicine specialists, financial dealers and psychiatrists, according to the Hays Recruitment Salary Guide.
The amount of money it takes to make it into the top 1 per cent of the wealthiest Australians has doubled to $8.25 million since 2021, according to a new report.
Australia's outlook remains strong. The IMF forecasts the Australian economy will grow by 1.6% in 2023. This means Australia will again outperform other advanced economies, which are expected to grow by an average of just 1.3%. This follows Australia's solid 5.2% growth in 2021 and an estimated growth of 3.7% in 2022.
In 2019-20, a household at the 90th percentile of the distribution – that is, a household that is richer than 90 per cent of households – had a net worth of $2.26 million. A household at the 10th percentile was worth just $36,900, or 61 times less.
$40/hour works out at around $79,000/year before tax and is at the low end of average earnings. If you're single (or don't have a working partner) and don't live in Sydney or Melbourne, you will manage but you won't be living the high life.
Our 2022 Poverty in Australia Snapshot found that there are 3.3 million people (13.4%) living below the poverty line of 50% of median income, including 761,000 children (16.6%). In dollar figures, the poverty line works out to $489 a week for a single adult and $1,027 a week for a couple with 2 children.
Find out what the average Teacher salary is
The average teacher salary in Australia is $85,018 per year or $43.60 per hour. Entry-level positions start at $74,293 per year, while most experienced workers make up to $117,886 per year.
A living wage is calculated as 60% of the Median Full-Time Adult Wage in Australia. The median is a measure of the midpoint. In Australia, a Living Wage is $27 per hour. We believe every worker deserves a Living Wage.
Information from the 2021 census, released by the Australian Bureau of Statistics (ABS) today, found that health care, retail, construction and education employed the most people across Australia.
Your full-time work hours are generally 38 hours a week, although an employer may ask you to do more. As a full-time employee, you only have to work the hours as set out in the employment agreement. You should consider the average weekly working hours over the long term.