AWOTEAverage Weekly Ordinary Time Earnings (Australia)
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Awote, however, added 'today, the Russian economy and Russian industries have come a long way since the Soviet collapse - the Russian economy is a lot stronger than in the first two decades following the Soviet collapse, at the same time many Russian enterprises have since evolved and developed, many through partnerships with international organizations.'
At the same time, not ignoring the fact that the continued economic sanctions imposed by the West, has made Russia reinforce its strategic partnerships with other regions, and especially Africa where they have had good historical ties from the Soviet era, according Irina Awote.
This makes it look particularly weak if the poverty measure is set much higher than 40 per cent of AWOTE.
When the analysis is restricted to nonmanagerial employees and based on hourly cash earnings rather than AWOTE a different picture emerges.
Overall, real AWOTE in the public sector grew by 0.4 per cent for females between February and December 2006, the same growth rate as achieved by men.
After accounting for inflation, real female AWOTE in the private sector fell by 1.0 per cent in the nine months to November 2006, whereas real male AWOTE there fell by just 0.2 per cent (and could be expected to improve in the near future).
It is estimated that the decision of the AIRC will contribute 1/3 percentage point to the growth in AWOTE this year, after 1/2 percentage point in 1998.
For women working full-time, the AWOTE figure was estimated in February 2004 to be $849 per week in ordinary time earnings, with an additional weekly earning premium of $16 when overtime is included.
The average weekly ordinary-time earnings of adults working full-time (AWOTE) grew by 4.1 per cent in 1997/98, with some deceleration to below 4 per cent (annualised rate) in the second half of the fiscal year.
Wage increases accelerated strongly from mid-1994, as measured by average weekly ordinary time earnings of full-time adults (AWOTE), but have moderated recently.
The RIM Unit [TABULAR DATA FOR TABLE 26 OMITTED] estimates that for a couple with a single earner on average weekly ordinary time earnings (AWOTE) throughout a 40 year working life, the replacement rate relative to expenditure in the final working year will be a little over 80 per cent in 2032 [ILLUSTRATION FOR FIGURE 31 OMITTED].
Although there is a small upward bias(11) in the AWOTE rates of growth, wage increases of this magnitude were out of line with the RBA's medium term target of a rate of 2 to 3 per cent for the Treasury measure of underlying inflation,(12) even allowing for private sector labour productivity gains of the order of 2 per cent.