Data 4 – The Minimum Wage, MPs salaries, wealth & inequality

Members of parliament are to get a 10.5% pay rise over the next three years. Backbench MPs go from $163,961 to 181,200 in July 2026. This is broadly in line with inflation so it may not seem out of place. The problem is that MPs used to get a salary in line with other skilled workers. Today they are way above most.

In 1976, the year before…