Quote:
Originally Posted by claytonender
But hourly rates do have a profound effect on what the weekly wage is, and the percentage increase is still the same . In 1999 median hourly rate (for all workers) was £6.50, multiply by 38 hours per week = weekly earnings of £228.00 or £11856 per ammum, in 2007 median hourly rate (for all workers) was £7.97, multiply by 38 hours per week = weekly earnings of £302.86 or £15748.52 per annum.
I do agree that services need to be paid for.
As a matter of interest do you pay any council Tax?
|
I apologise for the error I made in my last post in the calculation of wekly wage rates for 1999, the 1999 rate of £6.50 multiplied by 38 hours is £247.00 per week or £12844.
The increase in weekly wages from 1999 to 2007 is £55.86 (or annual increase in weekly wages of £6.28 each year) the increase in annual wages from 1999 to 2007 is £2904.72 (or an annual increase in yearly income of £363.09 each year)
So the percetage increase from 1999 to 2007 is 22.62%.