The Rules Changed

Added: 2026-06-03

[00:00:00]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.

[00:00:30]Not to a recession, not to a crisis, just to a structural shift nobody named at the time. $54,000.

[00:00:38]Coincidentally, that's a house deposit.

[00:00:40]Coincidentally, the exact same thing that was put out of reach of most workers during that time.

[00:00:48]If you felt like the rules quietly changed, they did.