It’s hard being young in today’s economy. Rising house prices lock increasing numbers of young people out of homeownership, while those lucky enough to have entered the housing market are now struggling under high interest rates. For many, university is more expensive than ever, and the time taken to repay HECS debts just keeps rising.
But what is often ignored is that young people, including many adults, are also directly discriminated against by Australian employment law: they can be legally paid less for the same work under the ‘junior rates’ system.
Junior rates make a real difference to young Australians’ standard of living. Consider an 18-year-old having just left home and renting: at the time of writing, the average asking rent for a two-bedroom unit in Sydney is about $727 per week, or $363.5 per bedroom.