SHOCKFACTS: Australia's work force
- Half of Australia's workers (around 3.8 million) earn less than $678 a week ($35,351 per year).
- The work force grew by just over 400,000 new jobs from 2000-2003, but 64.8% of these pay less than $600 a week.
- More than 2 million people earn less than $400 a week and received an annual effective pay increase of only $3.73 a week between 1996 and 2002, less than a twentieth of the gains of the top 10%.
- 42.3% of new full-time jobs created since 1996 have been casual and there are now more than 2.2 million casual workers (an increase of 22% since 1996).
- Part-time jobs have grown by 26% in the last eight years, yet full-time jobs have only grown by 11%.
- Almost one-million Australians now work unpaid overtime, an increase of 24% since 1996.
[Source: <http:www.actu.asn.au>.]
From Green Left Weekly, June 29, 2005.
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By now we all know that the rich get richer under capitalism. But many are astounded at the incredible pace this takes place.
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