ONS Wage Data

ONS Wage Data.

The Office for National Statistics (ONS) has studied wages over the last four decades to see how wages and earnings have changed.

The findings showed some interesting results, one of which was that people’s wages peaked in their late 30’s. For example in 1995 those aged 21 earned up to 40% more by the age of 39 than those in the same age rage in 1975.

The difference in earnings showed that those who started work in 1975 would have to work 3-4 years longer to get the same amount of earnings for those who started in 1985 and 5-6 years longer for those in 1995.

All figures were adjusted for inflation and showed that hourly earnings gradually rose over time, a 21 year old who worked in 1975 earned 94p per hour (£5.49 2013 price), in 1985 they earned £2.70 (£5.93 2013 price) and in 1995 they earned £4.48 (£6.57 2013 price).