New analysis by the McKell Institute has revealed that if New South Wales teachers were to accept the current offer from the State Government, real wages for a median teacher would fall by $2,060.48 over the next two years.
By taking in consideration current and forecast CPI, the latest paper in the McKell Institute's data briefing series concludes:
o The current offer by the Perrottet Government would send real wages for teachers back 1.21% in 2022 and again by 0.71% in 2023
o Teachers' salaries would decline relative to other professions by 0.71% in 2022 and 0.96% in 2023
NSW Teachers are currently engaged in industrial bargaining with the NSW Government.
"Our analysis finds the current 2.04 per cent wage increase on offer would deliver a significant real wage cut for NSW teachers over the life of the agreement," said McKell Institute CEO Michael Buckland.
"The median teacher in New South Wales would see their income fall, in real terms, by $2,060.48 over the next two years.
"It is reasonable to conclude that such a fall in wages, especially to other professions, would make addressing teacher shortages far more difficult."
The full report can be found here
