One in Four full time workers to earn £42k+ by 2015

chewmylegoff

Cleaver wrote: »

If you've absolutely convinced yourself that houses will fall in price by 50% and won't even contemplate being wrong on this then you're not going to buy a house unless that happens, are you?

depends how feisty your mrs is i suppose.

nollag2006

chewmylegoff wrote: »

is that in london, ontario?

You are evidently another one with your head in the sand:
http://www.knightfrank.co.uk/news/Prime-London-residential-rents-rise-to-a-record-high-0608.aspx

Happy reading

:j

chewmylegoff

nollag2006 wrote: »

You are evidently another one with your head in the sand:
http://www.knightfrank.co.uk/news/Prime-London-residential-rents-rise-to-a-record-high-0608.aspx

Happy reading

:j

nah, i'm just another one still paying the same rent on a london property that i was 2 years ago.

nice link, but your properties don't sound like they are prime central london to me, what with clapham junction and ealing not being in central london. maybe that's just some code you used and your properties are all actually worth several million each and are all located in kensington. you can make anything up on the internet after all. (see my comment above about my rent being static, that's probably made up too).

Koicarp

Cleaver wrote: »

Most nurses don't earn £42,000. Standard Nurses are Band 5 (£20k to £27k), Senior Nurses are Band 6 (£25k to £34k) and Ward Managers are Band 7 (£30k to £40k). Obviously there are shift allowances and overtime on that, but those are the standard wages.

Matrons may be on £42k, but there will only be one of them to every 50 or so nurses in most hospitals. And I'd class them as management really.

I'd add into band 7 clinical nurse specialists- a handful in each trust- I got a job last week as Paediatric Epilepsy Specialist Nurse at band 7. Matrons tend to manage many more than your estimate. Ours is the smallest directorate in a district general hospital and our matron would manage around 180 people. There are 8 matrons in our trust employing nearly 12000 people.

Going4TheDream

HAMISH_MCTAVISH wrote: »

That's a pretty staggering figure. One in four full time employees will shortly be earning more than £42,445 per year. And of course, a further large number of self employed/contractors will be as well, but are not included in these figures.

I have to say I was surprised, I had no idea that many people were earning that much money.

I suppose on the flip side that means 3 out of four wont be, there is a heck of a lot of people out there is certain fields such as retail and service sectors that scrape by on minimum wage or not too much more...

HAMISH_MCTAVISH

Going4TheDream wrote: »

I suppose on the flip side that means 3 out of four wont be, .

Very true.

Wage distribution is a fascinating topic.

Household income distribution even more so, as it differs considerably from wage distribution due to tax/benefits policy and dual income households.

there is a heck of a lot of people out there is certain fields such as retail and service sectors that scrape by on minimum wage or not too much more...

Also true.

But well worth remembering that even a young couple on very low paid hourly jobs can have a household income approaching 30K.

Generali

HAMISH_MCTAVISH wrote: »

Very true.

Wage distribution is a fascinating topic.

Household income distribution even more so, as it differs considerably from wage distribution due to tax/benefits policy and dual income households.

It appears that there is an increasing disconnect in the UK between perhaps the top 20-30% and the rest in terms of earned income. Forget the top fraction of a % that run the big companies, there are hardly any of them. The big difference seems to be between those in the relatively easily entered jobs and those that have skills that are harder to gain.

In the late 80s, I could make £2,000 a month (net) working in a shop selling hi-fis. I'd be lucky to make that now in the same job in nominal terms let alone with inflation and even general wage rises taken into account.

My guess is that redistributive state socialism could be on for a big come back. The 70-80% can (try to) force the 20-30% to pay an awful lot more tax. After all, it was only in the 1960s that the tax rate on unearned income could reach well over 100%: it was theoretically possible to have an income tax bill in excess of your income!

Going4TheDream

HAMISH_MCTAVISH wrote: »

But well worth remembering that even a young couple on very low paid hourly jobs can have a household income approaching 30K.

Yes, and 2 people earning £42k plus each will earn £84k between them nearly 3 times as much!

That is a huge difference in both lifestyle and quality of life irrelevant of any top up benefits!

the_flying_pig

HAMISH_MCTAVISH wrote: »

Grant Thornton, the accountancy firm, says that if wages increase at the rate predicted by government economists there will be a record 5.5 million higher rate taxpayers by 2015 earning more than £42,475 per year.

The number of people in full-time employment is approximately 21 million.

There are a further 8 million part timers, and 4 million self employed/contractors.

http://www.telegraph.co.uk/finance/personalfinance/consumertips/tax/8900873/1.4m-extra-people-to-pay-higher-rate-tax.html

http://www.telegraph.co.uk/finance/personalfinance/8139883/Number-of-part-time-workers-hits-record-high-as-firms-reluctant-to-take-on-full-time-staff.html

That's a pretty staggering figure. One in four full time employees will shortly be earning more than £42,445 per year. And of course, a further large number of self employed/contractors will be as well, but are not included in these figures.

I have to say I was surprised, I had no idea that many people were earning that much money.

quick, buy a house!

Jimmy_31

HAMISH_MCTAVISH wrote: »

Grant Thornton, the accountancy firm, says that if wages increase at the rate predicted by government economists there will be a record 5.5 million higher rate taxpayers by 2015 earning more than £42,475 per year.

The number of people in full-time employment is approximately 21 million.

There are a further 8 million part timers, and 4 million self employed/contractors.

http://www.telegraph.co.uk/finance/personalfinance/consumertips/tax/8900873/1.4m-extra-people-to-pay-higher-rate-tax.html

http://www.telegraph.co.uk/finance/personalfinance/8139883/Number-of-part-time-workers-hits-record-high-as-firms-reluctant-to-take-on-full-time-staff.html

That's a pretty staggering figure. One in four full time employees will shortly be earning more than £42,445 per year. And of course, a further large number of self employed/contractors will be as well, but are not included in these figures.

I have to say I was surprised, I had no idea that many people were earning that much money.

20k pay rise for me and my mates by 2015 :T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T