Tuesday graphs: Australians work a lot, given the wages on offerPosted: August 25, 2015
Given that there’s been a bit of debate in Victoria and the Australian Capital Territory about gazetting new public holidays, I thought I’d take a look at how many hours the average Australian works a year compared to the rest of the world. As you can see, in the countries for which the OECD supplies data, there’s a strongly negative relationship between the average wage rate in a country and the number of hours worked a year in that country. Given the average wage in Australia, though, we tend to work more hours than you’d predict (about 86 hours a year over what you’d predict based on our wages).
The Germans work much less than you’d expect; the Mexicans much more:
This doesn’t mean that we should or shouldn’t have more public holidays, of course—but it does give us an idea of how hard Australians work compared to other advanced economies.