Saturday, November 24, 2012
Income per Capita in Australian States
According to this nominal income per capita in Western Australia is double that in the US and in the ACT double that in the UK. This shows the overvaluation of the Australian Dollar but also the high incomes in these states. I find the numbers hard to believe though. Nominal gross income per capita has doubled in the last decade but only increased by 50% in the decade before. These also imply that academic salaries have fallen back a lot relative to averages in the last 15 years. Snork Maiden's salary (not counting superannuation (retirement) contributions is less than average gross income per capita now. My salary at the same rank was about 50% above it back in 1996 when I first worked in Australia. It's hard to believe that a professional salary is less than income per capita (which includes children, retirees etc in the denominator), but that is what the ABS claims.