A newly released report shows that the average annual wage in Australia is set to increase by $8200 within the next three years.
The new Clarius Skills Index states that labour shortages in the country will lead to a 5.4% annual increase in earnings over the next three years. The index also indicates a drop in unemployment to values below 5% by the beginning of next year.
“The developments have some implications on interest rates, the population growth debate and decisions about temporary skilled worker visas. Currently there is a shortage in eight of the 20 skilled professional, associate professional and trades occupations measured in the index and a further two are on the cusp of a shortfall,” comments Kym Quick, chief operating office of the Clarius Group.
