Project Report: Impact of Manufacturing Growth on Australian Earnings

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Added on  2022/10/10

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This project report investigates the impact of changes in manufacturing growth on the average weekly earnings of employees in Australia. The research explores the relationship between the manufacturing sector's growth and employee income, examining factors such as technological development, government policies, human resource quality, and finances. The report includes an introduction outlining the research aim and questions, followed by a literature review that examines relevant studies and economic trends. The methodology, data analysis, and findings are presented, along with a discussion of the results in light of the literature. The report concludes with recommendations and limitations of the study. The project aims to determine if manufacturing growth influences average weekly earnings and identifies key variables influencing this relationship, using data from the Australian manufacturing sector. The research also includes an assessment of the sustainability of the sector's growth and its impact on worker earnings.
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Running head: PROJECT REPORT
PROJECT REPORT
Impact of changes in manufacturing growth on the average weekly
earnings of employees in Australia
Name of the Student
Name of the University
Author Note
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1PROJECT REPORT
1. Introduction
1.1 Background of the research
1.2 Project Aim
The research aims to find out the impact of changes in manufacturing growth on average
weekly earnings in Australia. There are two major hypothesis that would be going into this
research:
H0: manufacturing growth does not impact average weekly earnings in Australia.
H1: manufacturing growth does impact average weekly earnings in Australia.
The factors to be tested in this regard include the following:
Technological development.
Government policies.
Human resource quality
Finances.
All of these factors would be tested against the growth of manufacturing sector, and its
subsequent impact on the average weekly earnings in Australia.
1.3 Research Questions
Does growth in sales in the manufacturing sector affect workers’ average weekly
earnings?
What are the factors affecting workers’ average weekly earnings in the manufacturing
industry?
Is the growth of the sector and the correspondent average weekly earnings of the workers
sustainable?
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2PROJECT REPORT
2. Literature review
Non-standard Employment and Wages in Australia
Job polarisation and earnings inequality in Australia
Economic imbalance and impact on Australian Employment industry
The viability break saw crosswise over an enormous bit of the world has raised worries over the
future drivers of remuneration improvement. While nuclear family factors, for example, the
advancing mining experience effect have driven a huge amount of Australia's profitability
execution generally, Australia has not been protected from logically wide around the globe, and
longer term, plans. Over the world, the extends that have begun from the opening of economies
to exchange and globalization have moved back, to a compelled degree because of their
prosperity, and to some degree the move in more protectionist thoughts following the general
money related emergency. Additionally, upgrades in robotized and different progressions, while
holding out the affirmation of capability improvement, before long cannot pass on. As an all-
around little, open and capital getting nation, how these upgrades keep on spreading out and
governments’ reactions to them including our own will have a solid bearing on Australia's
advantage potential.
This supporting paper portrays to the record of profitability improvement in Australia. It bases
for the most part accessible area of the economy the 16 associations where yield and wellsprings
of data can be surveyed always, which join around 80 percent of GDP. The decisions serve a
token of the need for propelling change endeavors by governments. Government moves close,
through establishments, laws and guidelines, and experiences impact the limits and open portals
for people and relationship to react to new headways, and to add to new sorts of progress. As the
push and draw of largely models and new degrees of progress keep affecting Australia,
proceeded with changes to approach settings are essential, if not major, to empowering
relationship to pass on headway in the 21st century.
The main argument from the authors and their correspondent research papers is the fact that the
manufacturing industry not only requires more efficient means of production, but would also be
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3PROJECT REPORT
able to make sure that the major productivity in the economy comes from this sector of the
economy itself, thereby responsible for the major chunk of growth of the economy of any
country.
The Evolution of the Minimum Wage in Australia
3. Methodology
4. Data Analysis and Findings
5. Discussion of Findings
in light of your previously reviewed literature
6. Conclusion
6.1 Conclusion
6.2 Recommendations
6.3 Limitations
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