Australian wages have been stagnant for months now, but one surprising industry is bucking the trend
Australian wages are growing barely above the cost of inflation but while every other industry suffers one has risen ahead – healthcare. Wages in the healthcare industry rose from an average of 3.0 per cent to 3.2 per cent and despite how minimal this increase may look, it is in fact the strongest growth in the country. Meanwhile, the rest of Australia has a below average growth and even industries above the average haven’t grown over the decade.
Wage growth has softened to 2.2 per cent and remains below its average over the past decade in every industry except healthcare. The growth in wages in the healthcare sector could be the driving force behind the demand for certain healthcare professionals. Last year job adverts for pharmacists rose by 179.2 per cent on the year prior, followed closely by pharmacists assistants which had 170 per cent growth.
Other industry roles such as clinical nurse educator and mental health technician exceeded growth of 50 per cent while midwife and speech pathologists just slipped into the top 15 growth jobs with over 43 per cent growth.
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