Wages and Employment – Australia Vs The UK

In Australia, the job market is viewed as being resilient, however, there is still a need for the government to uphold a strong economic plan in order for job growth to continue. Currently, there is a right policy framework which facilitates the job growth in Australia and this ensures that all citizens can take advantage of emerging opportunities. Some employment opportunities have been under scrutiny, though, with a 5.9% increase in unemployment since the beginning of this year.  The number of people who currently have jobs has fallen by 6,400, which is a significant amount. The youth unemployment rate is currently at 12.7%, which is the highest it has been in 40 years. Also, if you are not a citizen of Australia, it can be extremely difficult to find work.

Currently, there are various types of visas available to work in Australia, but it is important to get the right one for you and to understand the working conditions of your particular visa. If you qualify for the skilled visas list, you can be sponsored by an employer and work in your allocated industry. If you are under the age of 35, the Australian government invites you to apply for a Working Holiday Visa (Subclass 417), and with this visa you can work in Australia with the same employer for six months at one time. The visa is for one year and you can also extend this visa for a second year by carrying out 88 days of regional work in Australia. Although the job hunt in Australia may seem quite testing at present, the minimum wage in Australia is still regarded as being excellent, with the current minimum at $17.70 per hour. The minimum wage in the U.K is $14.66 per hour. This means that in the UK, workers who are over the age of 25 will receive the National
Living Wage of 7.20 GBP per hour.

In the UK, the wage growth has been low and pay prospects have weakened, in spite of a fall in Britain’s unemployment rate. This, along with the drop in the value of the pound since Brexit, has meant that the prices of consumer goods is on the increase, particularly in regards to supermarket goods. Also, in the past few months, the total pay growth has slowed from 2.6% to 2.2%. Also, in the UK, it may seem there are currently more job opportunities available, however, the population in the UK stands at 65.1 million, whereas in Australia it is 23.8 million, so it is no wonder there are more jobs in the UK. Both countries seem to be on par in terms of having high employment rates, with over 70% of the population working. In regards to the salaries between both countries, the national average wage in Australia is 6,000 GBP higher than in the UK. Also, in Australia, there is a minimum wage that is almost 20% higher than other countries.

In Australia, the job market is viewed as being resilient, however, there is still a need for the government to uphold a strong economic plan in order for job growth to continue. Currently, there is a right policy framework which facilitates the job growth in Australia and this ensures that all citizens can take advantage of emerging opportunities. Some employment opportunities have been under scrutiny, though, with a 5.9% increase in unemployment since the beginning of this year. The number of people who currently have jobs has fallen by 6,400, which is a significant amount. The youth unemployment rate is currently at 12.7%, which is the highest it has been in 40 years. Also, if you are not a citizen of Australia, it can be extremely difficult to find work. Currently, there are various types of visas available to work in Australia, but it is important to get the right one for you and to understand the working conditions of your particular visa. If you qualify for the skilled visas list, you can be sponsored by an employer and work in your allocated industry. If you are under the age of 35, the Australian government invites you to apply for a Working Holiday Visa (Subclass 417), and with this visa you can work in Australia with the same employer for six months at one time. The visa is for one year and you can also extend this visa for a second year by carrying out 88 days of regional work in Australia. Although the job hunt in Australia may seem quite testing at present, the minimum wage in Australia is still regarded as being excellent, with the current minimum at $17.70 per hour. The minimum wage in the U.K is $14.66 per hour. This means that in the UK, workers who are over the age of 25 will receive the National Living Wage of 7.20 GBP per hour.

In the UK, the wage growth has been low and pay prospects have weakened, in spite of a fall in Britain’s unemployment rate. This, along with the drop in the value of the pound since Brexit, has meant that the prices of consumer goods is on the increase, particularly in regards to supermarket goods. Also, in the past few months, the total pay growth has slowed from 2.6% to 2.2%. Also, in the UK, it may seem there are currently more job opportunities available, however, the population in the UK stands at 65.1 million, whereas in Australia it is 23.8 million, so it is no wonder there are more jobs in the UK. Both countries seem to be on par in terms of having high employment rates, with over 70% of the population working. In regards to the salaries between both countries, the national average wage in Australia is 6,000 GBP higher than in the UK. Also, in Australia, there is a minimum wage that is almost 20% higher than other countries.

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