Report

Rising inequality: an Australian reality

13 Sep 2017
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The Australian Council of Trade Unions (ACTU) has released this report that shows Australia is at risk of becoming an Americanised society of working poor if people are not given a pay rise.

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Description

This Australian Council of Trade Unions (ACTU) report shows Australia is at risk of becoming an Americanised society of working poor if people are not given a pay rise.

Rising inequality is forcing working people into poverty, with the number of workers who are now on minimum or award wages rocketing a staggering 8% in six years to 2016.

Key stats from report:

  • Inequality is greater than at any time in the last 70 years;
  • Income inequality is bad but wealth inequality is worse. The top ten richest Australians have over $77 billion dollars between them;
  • Number of workers on minimum award rates has shot up in the last few years - from 15.2% in 2010 to 23.9% in 2016;
  • Workers share of national income is at its lowest level in over 50 years.
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PUBLICATION DETAILS

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APO URI: http://apo.org.au/node/106766