Are your wages at a standstill? It’s probably because of the industry you’re working in.
New data reveals some Aussie market sectors have seen average pay rises of an eye-watering 46 per cent in 2011-2018, while others have had their income cut down by as much as -21 per cent.
And which industry tops the list? Superannuation.
Aussies working in the superannuation industry have seen their pay soar by nearly half, according to new data from SEEK.
But interestingly, there hasn’t been a growth in the number of available jobs, but rather the wage increase seems to have been driven by specialisation.
Four of the top 20 role types with the biggest pay increases have gone to Australian educators, teachers in every age group from preschool to secondary school.
Carer roles have also snapped up three of the top 20, with those working in aged care, disability support, child welfare, and youth and family services also seeing a pay hike.
And no one will be too surprised that roles in STEM – science, technology, engineering and mathematics – also made up three of the top 20 jobs with salary gains, with the government regarding STEM education as important for our future productivity, though the number of people studying these subjects have fallen.
Industries with the biggest pay rises
Here are the 20 industries that have seen the greatest pay rises between 2011 and 2018:
Industries with the biggest pay cuts
But it’s not all sunshine and roses – other sectors have not enjoyed the same pay rise.
Those in the mining, construction and legal industries in particular have been hardest-hit, with no thanks to the mining downturn, which in turn hit the construction industry as collateral damage, and law firm generalists who have seen their jobs go to machines.
These 20 role types have seen the greatest salary falls:
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