What is the UK's mode average wage?

[Dowie]

the median is probably the most useful figure to look at as it removes the skew you're getting with the mean

....edited my bad use of stats....

 

[Louis MacNeice]

Why ask about wages rather than income? Income is what we live on, which is surely more important than what we 'earn'. So what is the average UK income?

Cheers- Louis MacNeice

 

[ska invita]

Whats the difference exactly?
My wage is my income

 

[Monkeygrinder's Organ]

Whats the difference exactly?
My wage is my income

A lot of people have other sources of income though - benefits etc at one end of the scale, rental income + dividends at the other, plus a lot of people are self-employed which is excluded from those stats.

Why use one rather than the other depends on what you're looking at and why really - it's not that one is 'better' than the other.

 

[Louis MacNeice]

Whats the difference exactly?
My wage is my income

Income in the form of benefits, pensions, interest, dividends etc; what is the average that people have to live on? After all if we are all in this together then let's see what it is like for all of us, not just those in employment.

Cheers - Louis MacNeice

 

[SpookyFrank]

Why ask about wages rather than income? Income is what we live on, which is surely more important than what we 'earn'. So what is the average UK income?

Cheers- Louis MacNeice

Looking at wages alone is clearly worth doing, particularly when millions of people aren't able to survive on those wages and have to claim extra money from the state.

If you were interested in things like spending power and who was above or below the poverty line then you'd look at net income.

 

[ska invita]

Income in the form of benefits, pensions, interest, dividends etc; what is the average that people have to live on? After all if we are all in this together then let's see what it is like for all of us, not just those in employment.

Cheers - Louis MacNeice

"benefits" is one thing, but people also have savings, rental incomes, private pensions, shared incomes from partners, black market stuff, all kinds of things i guess - I dont know if thats possible to quantify meaningfully

 

[Louis MacNeice]

A lot of people have other sources of income though - benefits etc at one end of the scale, rental income + dividends at the other, plus a lot of people are self-employed which is excluded from those stats.

Why use one rather than the other depends on what you're looking at and why really - it's not that one is 'better' than the other.

I was suggesting income rather than earnings, because centre staging earnings reinforces the assumption that being in paid employment (and the rate of pay for that employment) is some sort of fundamental measure of individual worth (up to it working as a qualification for inclusion in society proper...as opposed to being a parasitic dependent on society).

Cheers - Louis MacNeice

 

[Spanky Longhorn]

It should be household income as well to some extent - although that has problems like someone who can't afford to move out of their parents place but earning say 20k could artificially boost their parents income

 

[cesare]

It should be household income as well to some extent - although that has problems like someone who can't afford to move out of their parents place but earning say 20k could artificially boost their parents income

Would all of that count as household income though in that example? Or just the proportion that is put in the household income pot?