Out of Interest, Wage Inflation?

KingKenny

I always watched wage inflation, it kind of tracks net interest payable on a normal instant access account for a 20% tax payer...usually the normal instant access account pays a bit more. Currently what you can get is 1.6% net of tax, so 2.00% Gross, whereas average wage inflation is what 1% at most, so negative relative to real inflation at 3% plus..

Can i ask, since 2009, what wage awards have you recieved, if you were earning 100 quid a week in 2009, what are you earning today?

coastline

Savings rates are no where near the official inflation rates so your money is losing value yearly..
Wages in this recession aren't keeping up with inflation and some people are even on a pay freeze...
Basic items we buy daily are going through the roof and some by as much as 50% in just a few years...
Take a look at food..gas..electric..fuel...you'll be surprised..

http://tullettprebonresearch.files.wordpress.com/2013/02/tpsn043_essentials_index.pdf

FatherAbraham

KingKenny wrote: »

Can i ask, since 2009, what wage awards have you recieved, if you were earning 100 quid a week in 2009, what are you earning today?

£96.21 (or £98.96 if we take employer pension contributions into account then and now).

Warmest regards,
FA

YoungBusinessman

Not with inflation but due to completing apprenticeship, £600 now.

Southend1

£93.40. Nominal figures only, I.e. not accounting for price inflation. No wonder I feel like its a struggle to make ends meet these days!

gadgetmind

We've increased our grad starting salary from £21k/£22k to around £26k over that period, so over 4% pa.

Once people are in the job, their skill set and performance improvements are in their hands. For someone to not be earning above inflation increments over a four year period they'd have to be such a duffer that we'd sincerely hope to weed them out at the interview stage.

I'm sure that things are different in industries that can get by with a less skilled workforce.

JoeCrystal

KingKenny wrote: »

Can i ask, since 2009, what wage awards have you recieved, if you were earning 100 quid a week in 2009, what are you earning today?

Proportionally, if I was earning £100 in basic hourly rate in 2009, I am now earning £125.65 in 2013. Because I get bonus and do overtime as much as possible, it is higher than that. I got more useful role in my work which help although it is likely that my income will not go any higher at the moment.

Cheers,
Joe

KingKenny

http://www.dailymail.co.uk/news/article-2310788/Salary-increases-plunged-1--Workers-forced-accept-small-rises-cost-living-goes-by-2-8.html

Thought average wage inflation was about 1%, and what an instant access accounts are paying 1.6% net of 20% tax. The trend is still there.....

Real inflation what 5%, Merv tracks wages never costs, wtach rates rise if wages ever get to 4% average rises...

ic

£142.93 - in that time I've climbed the ranks and have moved jobs. Most of my colleagues were complaining throughout that time that their annual pay rises were around 1% each year.

jackieblack

KingKenny wrote: »

Can i ask, since 2009, what wage awards have you recieved, if you were earning 100 quid a week in 2009, what are you earning today?

We haven't had any 'cost of living' raise since 2008 (and that was 0.25%) Doesn't look like we're getting anything this year either

smartn

coastline wrote: »

Savings rates are no where near the official inflation rates so your money is losing value yearly..
Wages in this recession aren't keeping up with inflation and some people are even on a pay freeze...
Basic items we buy daily are going through the roof and some by as much as 50% in just a few years...
Take a look at food..gas..electric..fuel...you'll be surprised..

http://tullettprebonresearch.files.wordpress.com/2013/02/tpsn043_essentials_index.pdf

Good link and interesting reading however looking at the make up of there index 21% of it is down to alchol and tobacco - not really 'Essentials' are they?