The average worker bee believes their time is worth around £17 an hour.
We’re obviously full of ourselves as the average wage is around £13.50.
The average worker bee believes their time is worth around £17 an hour.
We’re obviously full of ourselves as the average wage is around £13.50.
Well the average person probably thinks they are underpaid by about 20% (or should be paid 25% more). Are there any studies on that?
Does that £17 an hour include the tax credits?
I am sure that the previous generations had armies of unproductive men and women sponging off the communities that they lived in. We used to call them the priests, monks and nuns.
But at least they did not breed. Not officially anyway……
This delusion may in part explain the gender earnings gap: deluded men with an overinflated sense of self-worth demanding pay hikes and bonuses, whilst their righteous women colleagues appear happy to concur with the employer’s assessment.
Average wage + employer’s pension contribution + employers’ NI?
A (admittedly moderately generous) 10% pension contribution takes the cost of the worker up to £16.70 ish. Which doesn’t leave a lot of margin (and doesn’t include the cost of all the expenses necessary to make the bee a worker rather than a drone.)
So, yup, makes a degree of sense.
As anyone met met an employee who believes they are average? My experience is that most people think they know better then their manager’s manager if not the CEO, with this effect being inversely correlated with ability.
Anyway, Lake Wobegone.
https://en.wikipedia.org/wiki/Illusory_superiority
Salamander – I am sure that the previous generations had armies of unproductive men and women sponging off the communities that they lived in. We used to call them the priests, monks and nuns.
Rilly? They farmed the land, preserved ancient books and manuscripts, built schools, universities and hospitals. Ran almshouses for the poor. Parish relief for widows. Orphanages for the tiny folk who had nowhere else to go. Performed weddings, funerals, baptisms, confessions, and last rites. Visited the sick. Comforted the bereaved. Some of them even did groundbreaking work in scientific discovery.
And compared with modern day civil servants, they cost the average man next to nothing.
@ Steve
That was only 99.9% of them. The propagandists must be allowed to pretend the 0.01% of free-loaders were typical just as the Daily Wail pretends the few percent of scroungers and layabouts are typical of those looking for a job or we shall have the thought police down on us like a ton of Grauniads.
“preserved ancient books and manuscripts”: ooh, they didn’t only preserve them, they added to the stock by forging many more.
Hey, SE, don’t knock being the drone in the honeycomb. ((C) Plato, 380 BC).
Back to the original post – as a self-employed consultant I aim to charge a bit less than my work is worth to the buyer, and since VAT is at 20%, I probably need to set a bigger discount than the average employee (*average* NI is a quite a bit less than 20%)
A single parent, one child working 16 hours a week gets a package of benefits worth around £11k ( varies with location and pay rate ).
I’ve not included child benefit, free childcare, health and education in that as they are pretty close to universal. Adding in the income from work, that’s an effective rate of pay of £20/hour. That income level won’t fund a lavish lifestyle, but it’s a crust for some, and will get you a decent holiday every other year.