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> Overall it seems like young people aren't making a lot of money, period. Those are pretty typical wages for the UK. American wages are in a universe unto the
by jandrewrogers 2y ago
> Overall it seems like young people aren't making a lot of money, period.
Those are pretty typical wages for the UK. American wages are in a universe unto themselves and aren't a useful comparison for these purposes (it would be less than the minimum wage in some regions of the US).
- Glyptodon 2y agoI always find of hard to tell was wages mean in terms of what they represent after taxes, retirement savings, and medical costs they way they're reported regardless of country.
- IshKebab 2y agoIn the UK it is before income tax or national insurance (public healthcare), and also before pension saving. However most jobs give you an additional bit of pension on top of your salary (usually 5%).
- physicsguy 2y agoPension at 5% or more is only the norm for ‘professional’ jobs. For many people they only started getting employer pension contributions with auto-enrolment which is 3% of qualifying earnings, not your whole salary. In 2013 only 49% of workers were participating in a workplace pension scheme but it’s over 80% now.