The Australian ‘minimum’ wage is currently $19.84 an hour or $753.80 per week.
That figure is also stated to be about 52.7 per cent of the national median wage.
Using those two figures, the Australian Median Wage is $1,430 per week, or … Read the rest
According to the definition of poverty being an income of under 50% of the median income, and looking at official median incomes, the following poverty lines can be seen.
The median income is the amount where half the people earn more than that figure, and half earn less.
The ABS has released its figures for the Median Earnings in August 2019, and these show that Males in Full Time employment now have a median … Read the rest
The figure for Median wages differs from the often produced Average figure, and is commonly about 20% lower then the average.
The Median Figure is the figure where half of the people are above and half are below.
