Household income decreases and poverty rises: how Australians were BETTER during the global financial crisis – and experts say immigration is to blame
- Household, income and labor dynamics Australia has released income data
- It showed that the average family income has fallen by $ 542 since 2009 to $ 80,095
- This happened when the population of Australia increased from 21.2 million to 24 million
- The Grattan Institute think tank has blamed low-skilled migrants for stagnating wages
Australian households earn less than ten years ago during the global financial crisis.
A survey of 17,500 people confirmed that stagnant wages are even worse than previously thought, with declining pay packages as immigration increased.
The average household income after tax is now $ 542 less than during the GFC.
Australian households earn less than ten years ago during the global financial crisis (the photo shows a stock photo of a couple calculating their bills)
They have dropped from $ 80,637 in 2009 to $ 80,095 eight years later, new data Melbourne Institute annual study of Household, Income and Labor Dynamics Australia (HILDA) for 2019.
Income growth has been patchy over the last decade, declining in the two years following the GFC, rising in 2012 and then stagnating mainly.
At that time, the population of Australia increased from 21.2 million in 2009 to 24 million in 2017, before rising above the 25 million milestone in August 2018.
The Grattan Institute thinktank CEO John Daley has told economists at the Reserve Bank of Australia that low-skilled migrants have lowered wages.
& # 39; Many believe that Australian migration is highly skilled and has nothing to do with the underpayment of minimum wages & # 39 ;, he said in his April presentation, which was published Monday.
& # 39; That may have been true in the past, but now it is less true. & # 39;
At that time, the population of Australia increased from 21.2 million in 2009 to 24 million in 2017, before rising above the 25 million milestone in August 2018 (a train is shown in Sydney)
Professor Daley said that 59 percent of temporary visa holders had low-skilled jobs.
For students and working holiday visa holders, the number in low-skilled jobs rises to 75 percent.
With one in five Australian employees on the minimum wage, Professor Daley said that & # 39; low-skilled & # 39; employment at or below the minimum wage & # 39; was large enough to matter & # 39 ;.
One million temporary migrants live in Australia, 450,000 of them on student visas and another 150,000 on working holiday visas.
Then there are 250,000 temporary migrants in the & # 39; other & # 39; visa category.
If all migrants were to work, they would make up 4 percent of the 13 million workers in Australia.
When household income was adjusted to meet needs, the HILDA study found that salary levels had declined in five years in Adelaide, Perth and New South Wales, but had risen in Melbourne, Sydney and Brisbane.
Poverty, defined as half the median income, has also risen in recent years.
The financial setback fell from 12.4 percent to 9.6 percent between 2007 and 2016, but rose again in 2017 to 10.4 percent.
Average family income has fallen from $ 80,637 in 2009 to $ 80,095 eight years later, new data from the Melbourne Institute's annual study of household, income and labor dynamics for 2019 showed
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