West Australians expect the biggest pay rises of any workers in the country, believing the global recession is over and the mining boom has arrived.
A report by Westpac has found 14 per cent of West Australians expect a pay rise of at least 8 per cent over the coming year, while another 21 per cent think they’ll get a rise of between 4 per cent and 8 per cent.
It is the highest proportion of workers in any State who think they will be rewarded with a wage rise two or three times the rate of inflation.
And in a sign of the confidence of WA workers, just 0.4 per cent of those surveyed say they will have a pay cut – the lowest proportion of any State. By contrast, more than 6 per cent of South Australians fear they will have their pay cut while just 19 per cent expect a pay rise of at least 4 per cent.
More than 35 per cent of those aged between 18 and 24 expect a pay rise of at least 8 per cent compared to less than 10 per cent of people aged 55-64. While 35 per cent of respondents who earn more than $100,000 a year expect at least an 8 per cent rise, less than half of those earning under $40,000 expect any pay rise.
CommSec chief equities economist Craig James said that despite signs of optimism, Australian consumers were increasingly conservative. While household disposable income had grown almost 8 per cent last year, close to the fastest rate in 19 years, consumer spending had lifted just 2.2 per cent or the slowest in 16 years.
“And then there is the news that 70 per cent of Commonwealth Bank home loan customers are ahead in their loan repayments – making higher repayments than they need to,” he said. “How long this new conservatism continues remains anybody’s guess.”
Source : www.thewest.com.au
Premier says WA needs skilled Chinese workers
Posted in Immigration News, tagged 2011, activity, allowances, Ansteel, Australian labour, Chevron's Gorgon LNG project, chinese, Chinese steel maker, Chinese workers, CITIC Pacific's Sino, Colin Barnett, conference in Perth, contemplates, deep water port, developing, expected, federal government, foreign, foreign worker, in 2011, include, iron, Iron project., labour shortages, major, massive, media, mill, Mr Barnett, natural gas, new, Oakajee, peak, perth, planned, Pluto Liquefied Natural Gas (LNG) project, port, Premier, PREMIER Colin Barnett, Premier says, premier's comments, prevent, project, projects, relax, Resources, sector, severe, skill shortages, skilled, skilled worker, skilled workers, skills shortages, State, steel, trades, trades areas., viability, WA, WA needs, WA projects, WA's, WA's first steel mill., Woodside Petroleum Ltd's, work, Workers, yesterday on July 28, 2009| Leave a Comment »
PREMIER Colin Barnett may ask the Federal Government to relax foreign worker allowances to prevent labour shortages at major WA projects.
WA faces severe shortages of skilled workers in 2011, when there is expected to be peak activity in WA’s resources sector, Mr Barnett told a media conference in Perth yesterday.
The premier’s comments come as a large Chinese steel maker, Ansteel, contemplates the viability of developing WA’s first steel mill.
Other massive projects planned for the state include Woodside Petroleum Ltd’s Pluto Liquefied Natural Gas (LNG) project, Chevron’s Gorgon LNG project, a new deep water port at Oakajee and CITIC Pacific’s Sino Iron project.
“I expect we will face serious skills shortages if these projects go together at the same time,” Mr Barnett said.
“Hopefully, we can build these projects with Australian labour but I expect there will be skill shortages, in particular trades areas.
“We need to be prepared to bring in some of their (Chinese) workers.”
Source : www.news.com.au
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