array(1) { [0]=> &object(stdClass)#6773 (52) { ["id"]=> string(5) "17673" ["title"]=> string(136) "Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products? " ["alias"]=> string(131) "will-housing-affordability-improve-in-2022-will-buy-now-pay-later-become-the-norm-why-are-aussies-staying-in-failing-super-products" ["introtext"]=> string(254) "

In this episode of The nestegg Podcast, host Maja Garaca Djurdjevic checks in with our three experts, digging into the biggest headlines of what’s happening when it comes to the world of superannuation, property, investing and wealth creation.

" ["fulltext"]=> string(1072) "

Steve Waters, director of Right Property Group, talks about affordability, inflation and his expectations for property in 2022.

RMIT senior lecturer of finance Dr Angel Zhong covers the interesting topic of buy now, pay later and what its introduction to the hospitality industry could mean for consumers. She also relays her thoughts on CBA’s entry into crypto and how other banks may react.

Finally, tax and super guru Timothy Munro tackles the likely return of a popular tax-saving measure in 2022. He also delves into super’s stellar performance and why Aussies aren’t leaving failing MySuper products.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["catid"]=> string(3) "302" ["created"]=> string(19) "2021-11-17 00:28:11" ["created_by"]=> string(4) "2404" ["created_by_alias"]=> string(0) "" ["state"]=> string(1) "1" ["modified"]=> string(19) "2021-11-17 03:35:57" ["modified_by"]=> string(4) "2404" ["modified_by_name"]=> string(12) "Robyn Tongol" ["publish_up"]=> string(19) "2021-11-17 03:35:57" ["publish_down"]=> string(19) "0000-00-00 00:00:00" ["images"]=> string(233) "{"image_intro":"images\/podcasts\/Angel_Zhong_Steve_Waters_Timothy_Munro.jpg","float_intro":"","image_intro_alt":"","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}" ["urls"]=> string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}" ["attribs"]=> string(855) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","video_url":"","channel_id":"UCLBR-2LtTtui_WiRuEfW3qA","send":"0","test":"0","comments":"1","readingDiff":"3","schema_active":"0","schema_name":"","schema_description":"","schema_thumbnailUrl":"","schema_uploadDate":"","schema_duration":"","schema_contentUrl":"","schema_embedUrl":"","canonical_link":""}" ["metadata"]=> string(68) "{"robots":"","author":"","rights":"","xreference":"","metatitle":""}" ["metakey"]=> string(97) "housing, affordability, improve, 2022, buy, pay, norm, aussies, staying, failing, super, products" ["metadesc"]=> string(200) "In this episode of The nestegg Podcast, host Maja Garaca Djurdjevic checks in with our three experts, digging into the biggest headlines of what’s happening when it comes to the world of superannua" ["access"]=> string(1) "1" ["hits"]=> string(3) "124" ["xreference"]=> string(0) "" ["featured"]=> string(1) "0" ["language"]=> string(1) "*" ["readmore"]=> string(4) "1072" ["ordering"]=> string(1) "0" ["category_title"]=> string(7) "Podcast" ["category_route"]=> string(17) "resources/podcast" ["category_access"]=> string(1) "1" ["category_alias"]=> string(7) "podcast" ["published"]=> string(1) "1" ["parents_published"]=> string(1) "1" ["lft"]=> string(2) "82" ["author"]=> string(12) "Robyn Tongol" ["author_email"]=> string(33) "[email protected]" ["parent_title"]=> string(9) "Resources" ["parent_id"]=> string(3) "300" ["parent_route"]=> string(9) "resources" ["parent_alias"]=> string(9) "resources" ["alternative_readmore"]=> NULL ["layout"]=> NULL ["params"]=> object(Joomla\Registry\Registry)#6774 (3) { ["data":protected]=> object(stdClass)#6787 (95) { ["article_layout"]=> string(14) "momentum:newne" ["show_title"]=> string(1) "1" ["link_titles"]=> string(1) "1" ["show_intro"]=> string(1) "0" ["info_block_position"]=> string(1) "0" ["info_block_show_title"]=> string(1) "1" ["show_category"]=> string(1) "1" ["link_category"]=> string(1) "1" ["show_parent_category"]=> string(1) "0" ["link_parent_category"]=> string(1) "0" ["show_associations"]=> string(1) "0" ["flags"]=> string(1) "1" ["show_author"]=> string(1) "1" ["link_author"]=> string(1) "0" ["show_create_date"]=> string(1) "0" ["show_modify_date"]=> string(1) "1" ["show_publish_date"]=> string(1) "1" ["show_item_navigation"]=> string(1) "1" ["show_vote"]=> string(1) "1" ["show_readmore"]=> string(1) "1" ["show_readmore_title"]=> string(1) "1" ["readmore_limit"]=> string(3) "100" ["show_tags"]=> string(1) "0" ["show_icons"]=> string(1) "1" ["show_print_icon"]=> string(1) "1" ["show_email_icon"]=> string(1) "1" ["show_hits"]=> string(1) "1" ["record_hits"]=> string(1) "1" ["show_noauth"]=> string(1) "0" ["urls_position"]=> string(1) "0" ["captcha"]=> string(0) "" ["show_publishing_options"]=> string(1) "1" ["show_article_options"]=> string(1) "1" ["save_history"]=> string(1) "1" ["history_limit"]=> int(10) ["show_urls_images_frontend"]=> string(1) "0" ["show_urls_images_backend"]=> string(1) "1" ["targeta"]=> int(0) ["targetb"]=> int(0) ["targetc"]=> int(0) ["float_intro"]=> string(4) "left" ["float_fulltext"]=> string(5) "right" ["category_layout"]=> string(14) "momentum:newne" ["show_category_heading_title_text"]=> string(1) "1" ["show_category_title"]=> string(1) "1" ["show_description"]=> string(1) "0" ["show_description_image"]=> string(1) "0" ["maxLevel"]=> string(2) "-1" ["show_empty_categories"]=> string(1) "0" ["show_no_articles"]=> string(1) "1" ["show_subcat_desc"]=> string(1) "1" ["show_cat_num_articles"]=> string(1) "0" ["show_cat_tags"]=> string(1) "1" ["show_base_description"]=> string(1) "1" ["maxLevelcat"]=> string(2) "-1" ["show_empty_categories_cat"]=> string(1) "0" ["show_subcat_desc_cat"]=> string(1) "1" ["show_cat_num_articles_cat"]=> string(1) "1" ["num_leading_articles"]=> string(2) "14" ["num_intro_articles"]=> string(1) "0" ["num_columns"]=> string(1) "0" ["num_links"]=> string(1) "0" ["multi_column_order"]=> string(1) "0" ["show_subcategory_content"]=> string(2) "-1" ["show_pagination_limit"]=> string(1) "0" ["filter_field"]=> string(4) "hide" ["show_headings"]=> string(1) "1" ["list_show_date"]=> string(9) "published" ["date_format"]=> string(0) "" ["list_show_hits"]=> string(1) "0" ["list_show_author"]=> string(1) "1" ["orderby_pri"]=> string(4) "none" ["orderby_sec"]=> string(5) "rdate" ["order_date"]=> string(9) "published" ["show_pagination"]=> string(1) "2" ["show_pagination_results"]=> string(1) "1" ["show_featured"]=> string(4) "show" ["show_feed_link"]=> string(1) "1" ["feed_summary"]=> string(1) "0" ["feed_show_readmore"]=> string(1) "0" ["sef_advanced"]=> int(1) ["sef_ids"]=> int(1) ["custom_fields_enable"]=> string(1) "1" ["show_page_heading"]=> NULL ["layout_type"]=> string(4) "blog" ["menu_text"]=> int(1) ["menu_show"]=> int(1) ["page_title"]=> string(67) "Earn Money - Your Best Source on How to Earn Money Guides | nestegg" ["menu-meta_description"]=> string(154) "Complete comprehensive guides on starting a blog, tips for tax savings, side hustles, getting online money earning opportunities and latest economic news." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(67) "Earn Money - Your Best Source on How to Earn Money Guides | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-11-17 03:35:57" ["slug"]=> string(137) "17673:will-housing-affordability-improve-in-2022-will-buy-now-pay-later-become-the-norm-why-are-aussies-staying-in-failing-super-products" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(150) "/resources/podcast/will-housing-affordability-improve-in-2022-will-buy-now-pay-later-become-the-norm-why-are-aussies-staying-in-failing-super-products" ["image"]=> string(58) "images/podcasts/Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

Latest Podcast

Will housing affordability improve in 2022? Will buy now, pay later become the n...

Resources

There is $17.5 billion in lost and unclaimed super across ...

Earn

‘Exploited workers’ earning just $10.42 per hour

By Cameron Micallef

April 13 2021
Share

Earn

‘Exploited workers’ earning just $10.42 per hour

By Cameron Micallef
April 13 2021

The unions have slammed the gig economy after it was revealed that workers are still earning below a minimum wage, even during peak times.

‘Exploited workers’ earning just $10.42 per hour

By Cameron Micallef

April 13 2021
Share

The unions have slammed the gig economy after it was revealed that workers are still earning below a minimum wage, even during peak times.

Australian gig economy workers are making just $10.42 per hour after subtracting the cost of vehicles and equipment from the gross hourly rate of $16.32, while peak periods are seeing them earn less than minimum wage.

In its submission to the select committee on job security, Uber said its UberEats delivery riders earned $21.55 per hour during peak meal times, with the minimum wage being $24.80.

Uber defended its position, stating in its submission that many of its riders work across multiple apps with the data provided exclusively related to Uber.

“That is why we also look closely at earnings made on the Uber platform for the time that an individual is actively engaged in work (being the time from when they accept a trip or delivery until when that work is completed).

“When measured over a fortnight for the time after a trip or delivery request is accepted to when they are completed, over 98 per cent of drivers and delivery people are earning at least the minimum wage after costs,” Uber stated.

However, the Transport Worker Union (TWU) has warned of a ‘national emergency’ brought on by the rise in insecure and exploitative gig economy arrangements due to a lack of regulation.

TWU National Secretary Michael Kaine will call on the select committee to mark a turning point in the expansion of gig-style work into freight and other industries.

As part of its case during the senate inquiry, the TWU has presented a survey that showed the average hourly wage for workers delivering food by scooter was just $10.42 per hour.

“The cost of the gig economy is simply devastating. Each day, workers are stripped of their livelihoods at the whim of an app notification with no redress. Those who are not are subjected to dangerous toil with the despair of vainly trying to subsist on less than half the national minimum wage,” Mr Kaine said.

In his opening remarks, Mr Kaine warned that this working conditions could be replicated across the entire transport sector.

“The lives of 100,000 gig transport workers today, 650,000 transport workers tomorrow and every other Australian worker in the near future hang in the balance. The exploitative gig model that has seen food delivery riders die now threatens to pervade the entirety of the freight market and has moved quickly into nearly every single area of the economy,” Mr Kaine said.

Mr Kaine called for regulation to set minimum pay, standards and protections for all workers, and for the federal government to ensure a bright future for the Australian economy and workforce.

“Gig companies espouse the myth that flexibility and fairness are mutually exclusive concepts, but their coexistence has been a distinguishing feature of the Australian system for over a century. We can be a nation which embraces this latest wave of technological change and innovation in a way that is shaped by an unwavering commitment to fairness, equality and community. But our laws must change, and we must act now,” he concluded.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates

Rate the article

About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

Salary

Gen Z left behind in progress to gender equality

Women under 25 may emerge from the pandemic in a worse financial position than when it began, new research has shown. ...Read more

Salary

Show me the money: I deserve a COVID recognition payment, and so do you

Staff are currently in high demand. But they’re also mostly overworked, overtired, underplayed and underpaid. ...Read more

Salary

Is Australia headed for the ‘Great Resignation’?

A wave of resignations from Australian workers is expected in the next six months. ...Read more

Salary

Earnings surge in lockdown, but is a slump ahead?

A new report from CBA has shown that it may actually pay to be in lockdown, as growth in household income surged ahead in NSW and Victoria. ...Read more

Salary

RBA sets sights on 4% unemployment

The RBA has updated its key objectives in order to jolt the Australian economy into growth, including a two-decade low unemployment rate of 4 per cent. ...Read more

Salary

Aussie women required to work 61 extra days to earn the same pay

61 days is how much extra time a woman must spend in the workforce to achieve the same financial outcome as her male counterpart, with the gender gap expected to grow further, research has revealed. ...Read more

Salary

Pandemic sees spike in remote-work job postings

Businesses are looking far and wide to attract key staff members as lockdowns accelerate the move towards online working, meaning businesses can now attract staff who do not need to be in the office, ...Read more

Salary

Workers, businesses wait on lockdowns before deciding next moves

Australian businesses and staff alike are waiting to see what will happen post the COVID-19 pandemic before deciding whether to increase staffing levels or change their jobs, government figures have s...Read more