It’s time to talk about your wages.
Union members about to kick off negotiations for your next enterprise bargaining agreement that will determine your wages for the next 3 years. We do so in the middle of a national wage crisis.
Quite simply, Australian workers’ wages are not keeping up with the cost of living and many are falling behind.
Leading economists across Australia, including Governor of the Reserve Bank Dr Philip Lowe, have outlined that we need higher wages if the economy is to improve.
That is why in these upcoming negotiations, talking about your wages matters. It matters to you, it matters to your family and it matters to the economy.
"Over the past four years, the increase in average hourly earnings has been the slowest since at least the mid-1960s. The slow growth in wages is putting a strain on household budgets and contributing to low rates of inflation."
Wages calculator –
How much is your wage increase worth?
Discussing wage increases as percentages are hard to quantify when it comes to figuring out how it will affect your day-to-day budget. If we’re going to talk about your wages - you should know exactly how much extra you are getting in your pocket.
Use this calculator below to figure out what a 2.5%, 3% or 3.3%* increase will mean to your pay point in 3 years’ time.
*Note - that 3.3% is the increase granted to the national minimum wage by the Fair Work Commission in 2017.