The Australian Government’s $5.4 billion biomedical engineer job hunt may be over, but not before some big numbers.
A look at the salary and other data from the latest salary data shows that the salaries of engineers in the Government’s biomedical engineering and health promotion industries are the lowest in the world.
In the latest data, there were just over 6,000 jobs for the highest-paid positions, while the median salary was $92,300, just a drop of over $5,000 from the previous year.
“We’ve seen the numbers fall, but we’re seeing them rise again and we’re still well below what we were in the past, which is not a great sign,” Dr Michael McDonagh, head of health and safety at the Australian Institute of Health and Welfare, said.
The average salary in the biotechnology industry is $96,000, but the median is $95,000.
There were just 9,000 job opportunities for engineers in health promotion occupations, which include nurse midwives, physiotherapists, physician assistants, physician midwives and nurses.
Despite the drop in salaries, the median job pay was $95.70, up about $3,000 on the previous two years.
However, there was no drop in the median wage in the pharmaceutical industry, where there were 8,000 engineering jobs in the most lucrative positions, according to data from Australian Centre for Business Economics and Policy.
This means that the industry is still seeing the largest wage cuts in the sector.
Meanwhile, the Australian Manufacturing Workers Union (AMWU) has released its latest salary survey of the biomedical industry, showing a drop in wages for the most skilled engineers.
Data from the AMWU shows that engineers earn less than $50,000 a year, and the median pay for these engineers is just $48,000 — down $2,000 since last year.
A $10 million injury could leave a man with a broken leg.
It could mean he has to relearn how to walk, and there could be a further increase in the cost of living, he says.
But the most serious problem for the engineering industry is the cost.
Engineers who take on the most hazardous projects have the most difficult times in the industry, the AMHWU’s chief executive, Mark Taylor, said in a statement.
They also have to deal with an increasing workload and a greater risk of injury.
For the average engineer, the typical career is three years, but many engineers have to do a maximum of 12 years.
Dr McDonag said that while some of the new jobs may be temporary, the job loss would be significant.
“[It] would be a significant blow to the economy and potentially a significant shock to the manufacturing sector,” he said.
“It’s a concern that the manufacturing workforce is already in the worst shape it’s been since the Great Depression.”