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QLD beats NSW on average wages

Editorial
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Figures show Queensland wages have surpassed NSW, with Queenslanders earning an average $74,027 a year, compared to NSW’s $73,206.

Even as the mining boom deflates, mines are still generating high amounts of coal, according to the Courier Mail.

Exports jumped 15 per cent for the first six months of 2013.

CommSec economist Savanth Sebastian said wages had increase in Queensland despite huge job losses in the public service sector.

“This suggests the private sector is doing pretty well,” he said.

Wages have risen by around $100 a week this past year, according to the Australian Bureau of Statistics.

The flip side to the good news is that men are raking in as much as $30,000 a year more than women in Queensland. The average female income has somewhat dropped in the past year.

According to Sebastian this is due to robust demand for labour in male dominated industries such as mining and construction.

“The gap between high and low wage industries continues to widen (and) the gap between male and female earnings shows no sign of closing,” Sebastian said.

Mining had an average of $2400 a week. The Australian Bureau of Statistics showed recently the mining industry continued to pay the highest level of remuneration to Australian workers.

Financial and insurance services followed at $1900 a week and retail came last at just over $1000 a week.

Research showed the pay gap between genders has widened as salaries have increased in industries that are mostly male dominated.

An infographic from McCrindle showed mining is one of the top three industries by highest median salary while also being one of the most male dominated industries.

The gap between male and female wages is $7700 a year. The picture is worsened when part-time and casual wages are taken into account.

The Queensland Resources Council said in March the mining industry’s high wages are unsustainable.

QRC director of economics and infrastructure David Rynne said the industry had gone through two booms and two busts in a space of two years, and investors were anxious.

The ACT is on top at $88,504, with Western Australia at $85,530 and the Northern Territory at $75,364.

Victorians came last at an average of $69,602 a year.

A consulting firm said in April the WA mining industry is drawing workers who want the high wages but not a long term career in mining.

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