Rising inequality: an Australian reality

13 Sep 2017

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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