Report
Rising inequality: an Australian reality
Publisher
Wealth
Income distribution
Household finance
Poverty
Weather
Financial security
Financial inclusion
Resources
Attachment | Size |
---|---|
apo-nid106766.pdf | 1.79 MB |
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.
Publication Details
Copyright:
Australian Council of Trade Unions (ACTU) 2017
Post date:
14 Sep 2017