WA boom widened wealth gap: report

The divide between WA's haves and have nots broadened during the resources boom from 2003 to 2011, a new report shows.

Newmont Mining Corporation's Boddington operation in WA

A new report shows the divide between WA's haves and have nots broadened during the resources boom. (AAP)

The gap between the richest and poorest households in Western Australia widened during the resources boom, when the state's total wealth stock ballooned by about $270 billion, according to a new report.

The Sharing the Boom report released by the Bankwest Curtin Economics Centre (BCEC) at Curtin University on Wednesday showed there was a rise in both income and wealth inequality in the state between 2003 and 2011.

The richest 10 per cent of households had about 3.8 times the income of the poorest 10 per cent of households in 2003/04. This climbed to 4.8 times in 2009/10 before falling slightly to 4.5 in 2011/12.

"The lowest income households in the state are falling further behind, increasing the gap between the poorest families and everyone else," BCEC director Alan Duncan said.

"There have been real gains among the lowest income households, but the report shows they haven't been able to share in the benefits of the boom to the same degree as higher earners, financially at least."

The report also showed high income households in WA are twice as likely to be headed by a tradesman as those in the rest of Australia.

One fifth of the highest income households in WA in 2011/12 were headed by a person whose highest level of education was trade certification, compared with 16 per cent in the rest of the nation.


2 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world