Queensland Teachers Gain Inflation Adjustment On Top Of Wage Rises

Queensland state school teachers are set to agree to an enterprise agreement giving them a 4% pay rise this year and another 4% next year with 3% in 2024, as reported by The Australian. Included in the agreement is a cost-of-living adjustment of as much as 3%. If high inflation continues, teachers could receive a wage rise of 20% over three years (The Australian). The RBA is likely to be watching how widespread arrangements such as this one become.

• Bonuses for working in remote areas will also be more than doubled.
• Public sector wage growth has been lagging behind that of the private sector as agreements tend to be multi-year. This wage increase agreed for Queensland’s teachers signals that as deals are renewed public sector wage growth is likely to catch up or even exceed the private sector.