Between 2012 and 2022, Australian wages grew by only 0.2% annually in real terms, compared to 1.4% in the preceding two decades, meaning the average full-time worker lost approximately $54,000 over the decade—money that should have been earned but was lost to a structural economic shift, coincidentally equal to the average house deposit and making homeownership increasingly out of reach for most workers.
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The Rules ChangedAñadido:
Per capita ran the numbers on Australian wages between 2012 and 2022. Wages grew by 0.2% a year in real terms, 2/10 of 1% for two decades before that. They grew at least 1.4% seven times faster. The average full-time worker lost about 54,000 across the decade. Money that should have been earned, gone.
Not to a recession, not to a crisis, just to a structural shift nobody named at the time. $54,000.
Coincidentally, that's a house deposit.
Coincidentally, the exact same thing that was put out of reach of most workers during that time.
If you felt like the rules quietly changed, they did.
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