[Isle of Man] Increase in number of people earning less than living wage

A new survey has revealed a 6.8 per cent rise in the number of people earning less than the living wage on the Isle of Man in 2022, BBC News reports.

More than 2,400 respondents took the Isle of Man's Annual Earnings Survey, which gauged the average salaries from both the private and public sectors.

Results showed that 16.9 per cent of people were paid below the living wage compared to 10.1 per cent in 2021.

The jump has reportedly been largely attributed to a rise in the living wage from £10.87 to £11.05 per hour that was introduced in August 2022.

In addition, the survey showed that 4.5 per cent of people were earning the minimum wage last year, an increase of 3.3 per cent from 2021.

The Manx minimum wage previously stood at £9.50 per hour before being increased to £10.75 in April this year.

The report stated that the hikes in those earning below the living and minimum wages were "at least in part due to significant increases in both the living and minimum wages".

Tynwald has reportedly made a commitment to align the two figures within the next three years.

Comparisons with UK

The survey revealed that the sectors with the highest earners were legal and accountancy services, medical and health services and e-gaming.

Men were, on average, paid £139 more than women each week, however, the report also showed that on average men worked an extra 2.2 hours per week.

The differences in weekly earnings did not disclose the differences in pay for comparable jobs.

Compared to data in the UK's Annual Survey of Hours and Earnings, the report found people on the Isle of Man earned more, with a take-home average of 14.8 per cent more than those in the UK.

This was reportedly a quite significant jump from 2021 when Manx employees earned 7.7 per cent more than their UK counterparts.

Source: BBC News

(Links and quote via original reporting)

A new survey has revealed a 6.8 per cent rise in the number of people earning less than the living wage on the Isle of Man in 2022, BBC News reports.

More than 2,400 respondents took the Isle of Man's Annual Earnings Survey, which gauged the average salaries from both the private and public sectors.

Results showed that 16.9 per cent of people were paid below the living wage compared to 10.1 per cent in 2021.

The jump has reportedly been largely attributed to a rise in the living wage from £10.87 to £11.05 per hour that was introduced in August 2022.

In addition, the survey showed that 4.5 per cent of people were earning the minimum wage last year, an increase of 3.3 per cent from 2021.

The Manx minimum wage previously stood at £9.50 per hour before being increased to £10.75 in April this year.

The report stated that the hikes in those earning below the living and minimum wages were "at least in part due to significant increases in both the living and minimum wages".

Tynwald has reportedly made a commitment to align the two figures within the next three years.

Comparisons with UK

The survey revealed that the sectors with the highest earners were legal and accountancy services, medical and health services and e-gaming.

Men were, on average, paid £139 more than women each week, however, the report also showed that on average men worked an extra 2.2 hours per week.

The differences in weekly earnings did not disclose the differences in pay for comparable jobs.

Compared to data in the UK's Annual Survey of Hours and Earnings, the report found people on the Isle of Man earned more, with a take-home average of 14.8 per cent more than those in the UK.

This was reportedly a quite significant jump from 2021 when Manx employees earned 7.7 per cent more than their UK counterparts.

Source: BBC News

(Links and quote via original reporting)