In March 2025, inflation amounted to 2.4 percent, while wages grew by 4.3 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

Wages for regular pay in the United Kingdom grew by approximately 5.2 percent in April 2025, although when adjusted for inflation, wages for regular pay only grew in real terms by 1.4 percent. Twenty months of inflation outpacing wages Between November 2021 and June 2023 inflation was higher than wage growth in the UK, resulting in falling real terms earnings throughout this 20-month period. While UK inflation peaked at 11.1 percent in October 2022, it was not until April 2023 that it fell below double figures, and not until May 2024 that it reached the Bank of England's target of two percent. Forecasts from the Autumn 2024 budget predict that the annual UK inflation will for 2024 will be 2.5 percent, down from 7.3 percent in 2023 and 9.1 percent in 2022. Due to high inflation, the UK's minimum wage also rose quite significantly during this period, with the "main" rate increasing from 8.91 pounds per hour in 2021 to 12.21 pounds per hour in 2025. Average earnings and gender pay gap For full-time workers in the United Kingdom, the median average annual earnings was 37,430 British pounds in 2024, compared with 34,663 pounds in 2023. In London, average earnings were significantly higher than the rest of the country, at 47,455 pounds. Just two other areas of the United Kingdom, the South East and Scotland, had annual salaries above the UK average. North East England had the lowest average salary, at 32,960 pounds. As of 2024, the gender pay gap for median gross hourly earnings in the UK was 13.1 percent for all workers, falling to seven percent for full-time workers and -3 percent for part-time workers. Compared with 1997, when the gender pay gap was 27.5 percent for all workers, there has been a degree of progress, although, at current trends, it will be some time before the gap is closed entirely.

Wages in China increased to 120698 CNY/Year in 2023 from 114029 CNY/Year in 2022. This dataset provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Hungary increased 9.80 percent in April of 2025 over the same month in the previous year. This dataset provides - Hungary Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Average hourly and weekly wage rate, and median hourly and weekly wage rate by North American Industry Classification System (NAICS), type of work, gender, and age group.

In 2023, the average annual real wages in the United States amounted to ****** U.S. dollars. This shows the average annual wages in the United States from 2000 to 2023 in constant 2023 PPP-adjusted U.S. dollars.

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LES1252881600Q) from Q1 1979 to Q1 2025 about full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

Wages in Germany increased 2.50 percent in December of 2024 over the same month in the previous year. This dataset provides the latest reported value for - Germany Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in the United States increased to 31.18 USD/Hour in May from 31.06 USD/Hour in April of 2025. This dataset provides - United States Average Hourly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Finland increased 1.50 percent in March of 2025 over the same month in the previous year. This dataset provides - Finland Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset provides values for WAGE GROWTH reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Annual earnings for full-time employees in the United Kingdom grew by approximately 6.9 percent in 2024, compared with 5.8 percent in the previous year.

Between 2024 and 2027, wages in Poland were forecasted to increase, but with a much larger rise in 2024 compared to 2026. While wages grew by **** percent in 2024, a more modest increase of *** percent was projected for 2027. The lowest salary growth was forecast for the fourth quarter of 2027 with an increase of only *** percent.  Wage growth trends in relation to other economic indicators in Poland  Between 2008 and 2022, the average gross salary was higher than the median gross salary in Poland. Overall, wage growth in Poland slightly outpaced inflation during the observed period, though inflation exceeded wage growth in the first quarter of 2023. Wages in Europe  By 2024, Poland's average net salary ranked as the ****** highest among all Central and Eastern European countries. There were significant disparities between the country with the highest net salary and the one with the lowest: *******. 

Throughout the depicted period, the average monthly wage in Mexico State has demonstrated a consistent upward trajectory, reaching its peak value in the third quarter of 2023 at 4,480 Mexican pesos.

Wages in Spain increased 3.83 percent in March of 2025 over the same month in the previous year. This dataset provides - Spain Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Kenya Average Wage Earnings data was reported at 894,232.800 KES in 2023. This records an increase from the previous number of 864,750.100 KES for 2022. Kenya Average Wage Earnings data is updated yearly, averaging 617,900.550 KES from Jun 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 894,232.800 KES in 2023 and a record low of 366,613.600 KES in 2008. Kenya Average Wage Earnings data remains active status in CEIC and is reported by Kenya National Bureau of Statistics. The data is categorized under Global Database’s Kenya – Table KE.G009: Average Wage Earnings: by Sector and Industry: International Standard of Industrial Classification Rev 4.

In 2023, the average wage in Mexico achieved its highest level since 2009, amounting to around 20,090 U.S. dollars per year. Moreover, the average annual wage increased for the third consecutive year. Employment conditions In light of the crucial role that employment plays as a primary source of income, perceiving their working conditions to be poor, a sentiment held by nearly half of Mexico's workforce. Furthermore, the distribution of working hours skews towards non-monetarily compensated positions, particularly impacting the female demographic on households. This imbalance poses challenges to sustaining motivation. Informal employment also exhibits a higher prevalence among females, presenting regulatory complexities. Furthermore, a perceived gender-based disparity in employment opportunities subsists, amplifying the overarching concerns. As these factors coalesce, one out of every two individuals' harbors apprehensions about potential job loss. Salaries vs. Life expenses In 2023, the minimum wage has witnessed a considerable increase. Nevertheless, it continues to fall short of meeting essential living costs. Calculations indicate that a worker should ideally earn at least twice the amount of the latest increment to adequately cover these necessary expenses. A significant portion of the population—approximately one-third—finds itself residing beneath the threshold of basic food basket expenses. Consequently, Mexico ranks as the country where grocery expenses constitute the highest percentage of earnings. Furthermore, this predicament disproportionately impacts women, as they are often remunerated at lower wage rates.

China Average Wage: Urban Non-private: Year to Date: State Owned Unit data was reported at 127,672.000 RMB in Dec 2023. This records an increase from the previous number of 123,623.000 RMB for Dec 2022. China Average Wage: Urban Non-private: Year to Date: State Owned Unit data is updated quarterly, averaging 14,425.000 RMB from Dec 1999 (Median) to Dec 2023, with 70 observations. The data reached an all-time high of 127,672.000 RMB in Dec 2023 and a record low of 2,133.000 RMB in Mar 2000. China Average Wage: Urban Non-private: Year to Date: State Owned Unit data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Labour Market – Table CN.GC: Average Wage: by Industry: Urban Non-private.

Wages in Russia increased 0.10 percent in March of 2025 over the same month in the previous year. This dataset provides - Russia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Average Wage: Urban Non-private: Year to Date data was reported at 120,698.000 RMB in Dec 2023. This records an increase from the previous number of 114,029.000 RMB for Dec 2022. China Average Wage: Urban Non-private: Year to Date data is updated quarterly, averaging 13,935.500 RMB from Dec 1999 (Median) to Dec 2023, with 70 observations. The data reached an all-time high of 120,698.000 RMB in Dec 2023 and a record low of 2,096.000 RMB in Mar 2000. China Average Wage: Urban Non-private: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Labour Market – Table CN.GC: Average Wage: by Industry: Urban Non-private. [COVID-19-IMPACT]