Company profits rose significantly in the last three quarters of 2020 when wages reached the lowest point in a decade in Australia. Companies in Australia saw profits rise to 44.3 percent during the third quarter in 2020 while the wages reached the lowest point with a decline of negative 1.8 percent in the second quarter of 2020.
Quarterly growth in wages and profits in Australia from 1st quarter 2018 to 4th quarter 2020
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The Guardian. (April 7, 2021). Quarterly growth in wages and profits in Australia from 1st quarter 2018 to 4th quarter 2020 [Graph]. In Statista. Retrieved May 11, 2024, from https://www.statista.com/statistics/1229140/australia-quarterly-growth-in-wages-and-profits/
The Guardian. "Quarterly growth in wages and profits in Australia from 1st quarter 2018 to 4th quarter 2020." Chart. April 7, 2021. Statista. Accessed May 11, 2024. https://www.statista.com/statistics/1229140/australia-quarterly-growth-in-wages-and-profits/
The Guardian. (2021). Quarterly growth in wages and profits in Australia from 1st quarter 2018 to 4th quarter 2020. Statista. Statista Inc.. Accessed: May 11, 2024. https://www.statista.com/statistics/1229140/australia-quarterly-growth-in-wages-and-profits/
The Guardian. "Quarterly Growth in Wages and Profits in Australia from 1st Quarter 2018 to 4th Quarter 2020." Statista, Statista Inc., 7 Apr 2021, https://www.statista.com/statistics/1229140/australia-quarterly-growth-in-wages-and-profits/
The Guardian, Quarterly growth in wages and profits in Australia from 1st quarter 2018 to 4th quarter 2020 Statista, https://www.statista.com/statistics/1229140/australia-quarterly-growth-in-wages-and-profits/ (last visited May 11, 2024)
Quarterly growth in wages and profits in Australia from 1st quarter 2018 to 4th quarter 2020 [Graph], The Guardian, April 7, 2021. [Online]. Available: https://www.statista.com/statistics/1229140/australia-quarterly-growth-in-wages-and-profits/