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Federal Budget 2022: Australian workers are finally set to receive decent pay rises this year


Why YOU are set to finally get a decent pay rise this year as unemployment falls to the lowest level since 1974

Australian workers are set to finally get a decent pay rise during the coming year as unemployment falls to the lowest level since 1974 – and stays there.

Wage rises have been stuck below the long-term average of three per cent since mid-2013 but that is set to change as employers struggle to recruit staff.

The Treasury Budget papers are forecasting the wage price index hitting 3.25 per cent in the 2022-23 financial year, marking a big improvement on last year’s paltry 2.3 per cent increase.

Pay growth was tipped to climb to 3.5 per cent in the 2024-25 financial year and stay elevated into the first half of 2026.



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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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