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According to the OECD the average household net-adjusted disposable income per capita is $27,029 a year (in USD, ranked 14/36 OECD countries), the average household net financial wealth per capita is estimated at $60,778 (in USD, ranked 8/36), and the average net-adjusted disposable income of the top 20% of the population is an estimated ...
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In the United Kingdom and in Australia, the Average Weekly Earnings (AWE) is the lead indicator of short-term changes in earnings. [1] In the UK, it replaced the Average Earnings Index (AEI) as the lead measure of short-term earnings growth in January 2010. [2]
That will partly be driven by the hourly national minimum wage rising from £11.44 to £12.21 from April – amounting to a £1,400 annual pay rise for a full-time worker on the national living wage.
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Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees.
It has been argued that the median (midpoint) worker's wage is a better indicator in these circumstances; this measure is used in the UK by both the Office for National Statistics and the Scottish Low Pay Unit in examining wage levels. [1] Certain UK organisations, usually socialist or left-of-centre political groups, have traditionally had a ...
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