Less than $10 an hour is standard for most apprentices... I thought the average wage was around 50k...must have risen a lot in the last year...i guess thats why interest rates need to rise further to slow wage inflation
http://www.abc.net.au/news/stories/2008/02/21/2168841.htm Average wage sitting at $1,109 a week: ABS Posted Thu Feb 21, 2008 1:41pm AEDT Updated Fri Feb 22, 2008 8:26am AEDT
Related Link: ABS figures on weekly earnings The average Australian employee earned $1,109 per week over the three months to November, official data out today show.
The Australian Bureau of Statistics says weekly earnings grew by 0.6 per cent during the quarter.
There was a 4.7 per cent rise in wages for the year in seasonally-adjusted terms.
ANZ senior currency strategist Tony Morris says the Reserve Bank of Australia (RBA) will give more weight to yesterday's wage price index, which shows only moderate growth, when it decides whether to raise interest rates again.
"This just adds to the view perhaps that wage numbers, or the pulse of wages as reported in the official numbers, is not that strong," he said.
"But the RBA has already indicated that they're watching anecdotes of some rising underlying pressures."
