Miners the “winners” in wage scales: CommSec

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The mining sector continues to be the best paid industry in Australia, with miners earning more than double the pay of other workers, according to a new report by CommSec.

The average wage in the mining sector now stands at $113,636 per year, more than double the average $50,898 pay in the retail sector.

CommSec chief economist Craig James said the figures made workers in the mining sector the "winners" of Australia’s economy.

"When it comes to wages, there will always be winners or losers based on the usual forces of demand and supply," he said.

"Demand for workers in the mining sector continues to outpace supply with workers earning on average almost $114,000 a year."

"But in contrast wages in the hospitality sector stand at just below $50,000 a year."

In terms of the fastest growing wages the mining industry came third at 5.2 per cent growth.

Wages in wholesale trade rose 11.7 per cent and construction pay rose 5.3 per cent.

James said there were "clear winners and losers" from the structural change of Australia’s economy towards mining.

"Miners and professional workers like engineers are in strong demand and are being paid handsomely," he said.

"But the lack of spending by consumers and desire for business to cut costs are hitting admin and support staff hard."

Overall James said all wages had risen by an average of 15 per cent while prices rose by just over eight per cent.

"Despite the protests of many, Australians have become better off, and affordability for many goods has improved," he said.

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