74 datasets found
  1. Minimum wage in the UK 1999-2025, by wage category

    • statista.com
    • ai-chatbox.pro
    Updated Jan 31, 2025
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    Statista (2025). Minimum wage in the UK 1999-2025, by wage category [Dataset]. https://www.statista.com/statistics/280483/national-minimum-wage-in-the-uk/
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    Dataset updated
    Jan 31, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    1999 - 2025
    Area covered
    United Kingdom
    Description

    In April 2025, the UK minimum wage for adults over the age of 21 in will be 12.21 pounds per hour. For the 2025/26 financial year, there will be four minimum wage categories, three of which are based on age and one for apprentice workers. Apprentices, and workers under the age of 18 will have a minimum wage of 7.55 pounds an hour, increasing to ten pounds for those aged 18 to 20. When the minimum wage was first introduced in 1999, there were just two age categories; 18 to 21, and 22 and over. This increased to three categories in 2004, four in 2010, and five between 2016 and 2023, before being reduced down to four in the most recent year. The living wage The living wage is an alternative minimum wage amount that employers in the UK can voluntarily pay their employees. It is calculated independently of the legal minimum wage and results in a higher value figure. In 2023/24, for example, the living wage was twelve pounds an hour for the UK as a whole and 13.15 for workers in London, where the cost of living is typically higher. This living wage is different from what the UK government has named the national living wage, which was 10.42 in the same financial year. Between 2011/12 and 2023/24, the living wage has increased by 4.80 pounds, while the London living wage has grown by 4.85 pounds. Wage growth cancelled-out by high inflation 2021-2023 For a long period between the middle of 2021 and late 2023, average wage growth in the UK was unable to keep up with record inflation levels, resulting in the biggest fall in disposable income since 1956. Although the UK government attempted to mitigate the impact of falling living standards through a series of cost of living payments, the situation has still been very difficult for households. After peaking at 11.1 percent in October 2022, the UK's inflation rate remained in double figures until March 2023, and did not fall to the preferred rate of two percent until May 2024. As of November 2024, regular weekly pay in the UK was growing by 5.6 percent in nominal terms, and 2.5 percent when adjusted for inflation.

  2. Real living wage amount in the UK 2011-2025

    • statista.com
    Updated Nov 8, 2024
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    Statista (2024). Real living wage amount in the UK 2011-2025 [Dataset]. https://www.statista.com/statistics/280076/uk-living-wage/
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    Dataset updated
    Nov 8, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    The voluntarily paid living wage in the United Kingdom for 2024/25 is 12.6 pounds per hour, with this rising to 13.85 pounds per hour for workers in London. For the same year the legal minimum wage for those over the age of 21 was 11.44 pounds per hour.

  3. National living wage in the UK 1999-2025

    • statista.com
    Updated Jun 25, 2025
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    Statista (2025). National living wage in the UK 1999-2025 [Dataset]. https://www.statista.com/statistics/280501/national-minimum-wage-in-the-uk-18-to-20-years-old/
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    Dataset updated
    Jun 25, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    1999 - 2025
    Area covered
    United Kingdom
    Description

    From April 2025 onwards, the UK's main national minimum wage category, the national living wage, will rise to ***** pounds per hour, up from ***** pounds per hour in the previous financial year. This amount will apply to workers aged 21 and over, compared with 2022 and 2023 when it was only for workers aged 23 and over, and for those aged 25 and over between 2016 and 2021. The main minimum wage from 2010 to 2015 was the 21+ rate, and 22+ rate between 1999 and 2009. Evolution of the minimum wage Since its introduction in 1999, the minimum wage has had various rate categories, usually based on age. For the first five years, there were two categories, one for workers 18 to 21, and another for workers aged 22 and over. In 2004, a minimum wage for under 18s was introduced, and between 2010 and 2015 there were three rates based on age, and one for apprenticeships. Another age based-rate was added in 2016, but from 2024 onwards, the model will revert to four rate categories overall. In addition to the legal minimum wage, there is also a voluntary real living wage, which for 2024/25 is **** pounds per hour, rising to ***** pounds per hour for workers in London. Wages continue to outpace inflation in 2024 Since July 2023, wages have grown faster than inflation in the UK with December 2024 seeing regular weekly earnings grow by *** percent, compared with the CPI inflation rate of *** percent that month. For almost two years between November 2021 and June 2023, wage growth struggled to keep up with inflation, with the biggest gap occurring in October 2022 when inflation peaked at **** percent. The fall in real earnings in one of the most important factors in the UK's ongoing cost of living crisis. At the height of the crisis, around ** percent of UK households were reporting a monthly increase in their cost of living, with this falling to ** percent by March 2024.

  4. Minimum wages

    • data.europa.eu
    • opendata.marche.camcom.it
    csv, html, tsv, xml
    Updated Jun 30, 2025
    + more versions
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    Eurostat (2025). Minimum wages [Dataset]. https://data.europa.eu/data/datasets/gicnh24uvraqmknqji7s6q?locale=en
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    xml, csv, html, tsv(940)Available download formats
    Dataset updated
    Jun 30, 2025
    Dataset authored and provided by
    Eurostathttps://ec.europa.eu/eurostat
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    Data refer to the monthly national minimum wages, established every half year (1st January and July). Minimum wages may be determined by hourly or weekly rates in certain countries; these are converted into monthly rates. The minimum wage agreement process, its application and enforcement may vary by country. Minimum wages are gross amounts, i.e. before deduction of income tax and social security contributions payable by the employee.

  5. Minimum wage for under 18s in the UK 2004-2025

    • statista.com
    Updated Jul 9, 2025
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    Statista (2025). Minimum wage for under 18s in the UK 2004-2025 [Dataset]. https://www.statista.com/statistics/280506/national-minimum-wage-in-the-uk-under-18-years-old/
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    Dataset updated
    Jul 9, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    For workers under the age of **, the national minimum wage in the United Kingdom is **** British pounds per hour as of April 2025. This is an increase of **** pounds when compared with 2024 when the minimum wage for this age group was **** pounds. This particular minimum wage category was ***** pounds when it was first introduced in 2004, five years after the launch of the minimum age for workers aged 19 or over. Minimum wage rates history In 1999, when the UK minimum wage was first introduced, there were two different wage rates; one for those aged 18 to 21, and another for those aged 22 or over. These two rates were joined by an under ** rate in 2004, and then in 2010 the minimum wage was reorganized to include a rate for apprentice workers, while the top rate was increased to include workers aged 21. As of 2025, after several further waves of reorganization, there are **** different wage categories. For workers aged 21 and over, the minimum hourly wage is ***** pounds, falling to *** pounds for ** to 20-year-olds, and 7.55 pounds for under 18s and apprentices. Wages continue growing in 2025 As of January 2025, weekly wages were growing by approximately *** percent, the twentieth-consecutive month of wage growth following a long period of wages falling. High inflation throughout 2022 and 2023, meant that prices were rising faster than pay for a long twenty-month period between ************* and *********. With inflation down, and wages still growing, there are hopeful signs the UK might be over the worst of the Cost of Living Crisis, ongoing since late 2021. As of **********, however, almost ** percent of UK households were still reporting an increase in their living costs, relative to the previous month.

  6. G

    Historical minimum wage rates in Canada

    • open.canada.ca
    • ouvert.canada.ca
    • +1more
    csv
    Updated May 5, 2025
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    Employment and Social Development Canada (2025). Historical minimum wage rates in Canada [Dataset]. https://open.canada.ca/data/en/dataset/390ee890-59bb-4f34-a37c-9732781ef8a0
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    csvAvailable download formats
    Dataset updated
    May 5, 2025
    Dataset provided by
    Employment and Social Development Canada
    License

    Open Government Licence - Canada 2.0https://open.canada.ca/en/open-government-licence-canada
    License information was derived automatically

    Area covered
    Canada
    Description

    The minimum wage is a basic labour standard that sets the lowest wage rate that an employer can pay to employees who are covered by the legislation. Today, one of its main purposes is to protect non-unionized workers in unskilled jobs, although it can also influence, directly or indirectly, the level of compensation of other employees as well. A minimum wage constitutes a floor above which employees or their unions may negotiate with management for higher remuneration. However, it is rarely static: adjustments are required from time to time to maintain its relevance in changing economic and social conditions.

  7. Number and proportion of employee jobs with hourly pay below the living wage...

    • ons.gov.uk
    • cy.ons.gov.uk
    zip
    Updated Nov 26, 2024
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    Office for National Statistics (2024). Number and proportion of employee jobs with hourly pay below the living wage [Dataset]. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/datasets/numberandproportionofemployeejobswithhourlypaybelowthelivingwage
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    zipAvailable download formats
    Dataset updated
    Nov 26, 2024
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Estimates of the number and proportion of UK employee jobs with hourly pay below the living wage, by region, work geography, local authority and Parliamentary constituency, as defined by the Living Wage Foundation.

  8. g

    Office for National Statistics - Employees earning below the London Living...

    • gimi9.com
    Updated Jan 22, 2019
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    (2019). Office for National Statistics - Employees earning below the London Living Wage (LLW) | gimi9.com [Dataset]. https://gimi9.com/dataset/london_earning-below-llw/
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    Dataset updated
    Jan 22, 2019
    Area covered
    London
    Description

    Percentage of respondents in work earning less than the London Living Wage (LLW) taken from the ONS Annual Survey of Hours and Earning (ASHE). Data is provided by whether the employee is male or female and works full-time or part-time. Data is also provided by borough. Also includes employees earning below the UK Living Wage by region outside London. The minimum wage levels in each year are stated in the table. This dataset is one of the Greater London Authority's measures of Economic Fairness. Click here to find out more.

  9. Monthly minimum wage rates in European countries in the first half of 2025

    • statista.com
    Updated Mar 11, 2025
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    Statista (2025). Monthly minimum wage rates in European countries in the first half of 2025 [Dataset]. https://www.statista.com/statistics/1450177/monthly-minimum-wage-rate-european-countries/
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    Dataset updated
    Mar 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Europe, European Union
    Description

    The country with the highest minimum wage rate in Europe during the first half of 2025 was Luxembourg, with a minimum wage of 2638 euros. Ireland, the Netherlands, and Germany were the countries with the next highest minimum wages, all above 2000 euros a month, while Albania, Bulgaria, and Montenegro had the lowest minimum wages in the same period.

  10. g

    Minimum wages | gimi9.com

    • gimi9.com
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    Minimum wages | gimi9.com [Dataset]. https://gimi9.com/dataset/eu_gicnh24uvraqmknqji7s6q/
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    Description

    Minimum wage statistics published by Eurostat refer to monthly national minimum wages. The data shown here apply to the situation on 1st of January each year. In some countries the basic national minimum wage is not fixed at a monthly rate but at an hourly or weekly rate. For these countries the hourly or weekly rates are converted into monthly rates. The national minimum wage is enforced by law, often after consultation with the social partners, or directly by national intersectoral agreement (this is the case in Belgium and Greece). The national minimum wage usually applies to all employees, or at least to a large majority of employees in the country. Minimum wages are gross amounts, that is, before deduction of income tax and social security contributions. Such deductions vary from country to country.

  11. t

    Minimum wages - Vdataset - LDM

    • service.tib.eu
    Updated Jan 8, 2025
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    (2025). Minimum wages - Vdataset - LDM [Dataset]. https://service.tib.eu/ldmservice/dataset/eurostat_gicnh24uvraqmknqji7s6q
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    Dataset updated
    Jan 8, 2025
    Description

    Minimum wage statistics published by Eurostat refer to monthly national minimum wages. The data shown here apply to the situation on 1st of January each year. In some countries the basic national minimum wage is not fixed at a monthly rate but at an hourly or weekly rate. For these countries the hourly or weekly rates are converted into monthly rates. The national minimum wage is enforced by law, often after consultation with the social partners, or directly by national intersectoral agreement (this is the case in Belgium and Greece). The national minimum wage usually applies to all employees, or at least to a large majority of employees in the country. Minimum wages are gross amounts, that is, before deduction of income tax and social security contributions. Such deductions vary from country to country.

  12. T

    China Average Yearly Wages

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated May 15, 2025
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    TRADING ECONOMICS (2025). China Average Yearly Wages [Dataset]. https://tradingeconomics.com/china/wages
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    json, xml, csv, excelAvailable download formats
    Dataset updated
    May 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1952 - Dec 31, 2024
    Area covered
    China
    Description

    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.

  13. w

    Data from: A Fairer London: The Living Wage in London

    • data.wu.ac.at
    • data.europa.eu
    doc, pdf, rtf
    Updated Sep 26, 2015
    + more versions
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    London Datastore Archive (2015). A Fairer London: The Living Wage in London [Dataset]. https://data.wu.ac.at/odso/datahub_io/NTljZGUwNWMtYjZmOS00ZTgzLTkzM2UtMGU2YzM2MTQwNzc3
    Explore at:
    pdf(1395254.0), pdf(4499514.0), pdf(1262218.0), doc(1414178.0), rtf(1631251.0), rtf(2171205.0), doc(1621046.0), rtf(1890940.0), doc(1158643.0), rtf(2518473.0), pdf(2886342.0), pdf(886286.0), pdf(1302091.0), pdf(663726.0), pdf(1077229.0), doc(1155264.0)Available download formats
    Dataset updated
    Sep 26, 2015
    Dataset provided by
    London Datastore Archive
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    London
    Description

    Since 2006 the GLA Group has been implementing the London Living Wage (LLW).The Group continues to include the LLW as a requirement for contracts that are let or renewed.

    We calculate the Living Wage by a combination of two approaches. The first, developed by the Family Budget Unit (FBU), estimates the costs of a ‘Low Cost but Acceptable’ (LCA) budget for a selection of households and calculates the wage required to meet these costs. This is termed the “Basic Living Costs” approach. The second – the “Income Distribution” approach – simply identifies the median income for London (appropriately weighted for 11 household types) and then takes 60 per cent of it.

    The Mayor continues to lobby national Government to adopt the London Living Wage across Whitehall.

  14. s

    Average hourly pay

    • ethnicity-facts-figures.service.gov.uk
    csv
    Updated Jul 27, 2022
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    Race Disparity Unit (2022). Average hourly pay [Dataset]. https://www.ethnicity-facts-figures.service.gov.uk/work-pay-and-benefits/pay-and-income/average-hourly-pay/latest
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    csv(6 KB)Available download formats
    Dataset updated
    Jul 27, 2022
    Dataset authored and provided by
    Race Disparity Unit
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Area covered
    United Kingdom
    Description

    Every year between 2013 and 2021, employees from the combined Pakistani and Bangladeshi ethnic group had the lowest average hourly pay out of all ethnic groups.

  15. Z

    Data from: Institutional arrangements regarding Minimum Wage Setting in 195...

    • data.niaid.nih.gov
    • zenodo.org
    Updated Jul 19, 2024
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    Kea Tijdens (2024). Institutional arrangements regarding Minimum Wage Setting in 195 countries [Dataset]. https://data.niaid.nih.gov/resources?id=zenodo_3897480
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    Dataset updated
    Jul 19, 2024
    Dataset authored and provided by
    Kea Tijdens
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    Most countries in the world have country-level policies concerning their minimum wage-fixing machinery. These policies vary widely, and therefore it becomes important to have adequate classifications of these policies. This paper reviews databases that classify country-level policies for determining minimum wages. Several databases - we found twelve - classify countries according to their minimum wage-fixing mechanisms and the coverage of these mechanisms. The mechanisms indicate whether the minimum wages are set by Law, by Collective Bargaining or any policy in between, the coverage indicates whether the minimum wages cover the entire dependent labour force or only one or more sections within the labour force. The twelve databases vary with respect to the years covered, the countries covered and the characteristics coded. We restricted our analysis to the years 2011 to 2015. The number of countries covered in these databases range from 29 to 189, with 195 countries in total. The merged database reveals that countries are not classified similarly across databases. Between 75% and 93% of the countries apply a statutory minimum wage-fixing mechanism across years and databases. Less than one in ten countries relies solely on minimum wage setting by collective bargaining. In the EU28 plus Norway this percentage is relatively high, but in countries outside Europe it is far below 10%. Two ILO conventions refer to minimum wage-fixing mechanisms. Across years and databases roughly three in five countries that apply a statutory minimum wage-fixing mechanism have signed the oldest Convention (C26), whereas roughly one in three has done so with the most recent Convention (C131). Obviously, many more countries could have signed the Conventions. Only a few countries have signed the Conventions but do not have a statutory minimum wage-fixing mechanism. Among others a few EU28 countries rely solely on collective bargaining for minimum wage setting, and consider that as a national wide fixing mechanism. If countries apply a statutory wage-fixing mechanism, does the minimum wage then cover the entire dependent labour force? Globally, more than half of the countries with a statutory minimum wage apply differentiated minimum wages. Most frequently reported breakdowns are by industry or occupation. Countries with multiple minimum wage rates mimic collective bargaining, particularly when they break down the rates by industry or occupation. The aim of this paper is to generate a Minimum Wage Policies Database (MWPDB) from the merged dataset. Using a set of rules for generating data from the source databases, we indicate for almost half of the 195 countries the presence or absence of a statutory minimum wage for all five years from 2011 to 2015. For 16 countries no valid data is available for any year. Particularly for Europe and South America, MWPDB has satisfactory number of observations, whereas the opposite holds for the small islands in Oceania. The MWPDB results show that approximately nine in ten countries do apply a minimum wage policy, and that this is slightly increasing between 2011 to 2015.

  16. Living wage employee jobs in public houses and bars by sex, full-time and...

    • cy.ons.gov.uk
    • ons.gov.uk
    xls
    Updated Nov 26, 2018
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    Office for National Statistics (2018). Living wage employee jobs in public houses and bars by sex, full-time and part-time [Dataset]. https://cy.ons.gov.uk/businessindustryandtrade/business/activitysizeandlocation/datasets/livingwageemployeejobsinpublichousesandbarsbysexfulltimeandparttime
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    xlsAvailable download formats
    Dataset updated
    Nov 26, 2018
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Number and percentage of jobs paid below the Living Wage Foundation (LWF) living wage in London (using London living wage) and for the UK excluding London (using UK LWF living wage). With breakdowns for working pattern, for 2009 to 2018.

  17. T

    United States Wages and Salaries Growth

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, United States Wages and Salaries Growth [Dataset]. https://tradingeconomics.com/united-states/wage-growth
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    csv, json, xml, excelAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1960 - May 31, 2025
    Area covered
    United States
    Description

    Wages in the United States increased 4.72 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Wages and Salaries Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  18. e

    Number of LLW employers by sector

    • data.europa.eu
    unknown
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    Living wage foundation, Number of LLW employers by sector [Dataset]. https://data.europa.eu/data/datasets/number-of-llw-employers-by-sector
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    unknownAvailable download formats
    Dataset authored and provided by
    Living wage foundation
    Description

    Number of employers that have joined the London Living Wage Programme in London. The London Living Wage is an hourly rate of pay, currently set at £10.55, that is calculated independently to reflect the high cost of living in the capital, giving a worker in London and their family enough to afford the essentials and to save.

  19. U.S. minimum wage workers 1980-2023, by gender

    • ai-chatbox.pro
    • statista.com
    Updated Oct 25, 2024
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    Statista (2024). U.S. minimum wage workers 1980-2023, by gender [Dataset]. https://www.ai-chatbox.pro/?_=%2Fstatistics%2F185536%2Fshare-of-workers-paid-at-the-minimum-wage-by-gender%2F%23XgboDwS6a1rKoGJjSPEePEUG%2FVFd%2Bik%3D
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    Dataset updated
    Oct 25, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    This statistic shows the percent of workers paid hourly rates at or below prevailing federal minimum wage in the United States from 1980 to 2023, by gender. In 2023, only 1.5 percent of the female wage and salary workers were paid hourly rates at or below the federal minimum wage, compared to 21.6 percent in 1980.

  20. U.S. number of minimum wage workers 2023, by education

    • ai-chatbox.pro
    • statista.com
    Updated May 31, 2025
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    Abigail Tierney (2025). U.S. number of minimum wage workers 2023, by education [Dataset]. https://www.ai-chatbox.pro/?_=%2Fstudy%2F11647%2Fwage-inequality-in-the-us-statista-dossier%2F%23XgboD02vawLKoDs%2BT%2BQLIV8B6B4Q9itA
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    Dataset updated
    May 31, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Abigail Tierney
    Area covered
    United States
    Description

    This statistic shows the number of workers paid hourly rates at or below the prevailing federal minimum wage in the United States in 2023, by educational attainment. In 2023, around 142,000 people without a high school diploma earned the minimum wage or below.

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Statista (2025). Minimum wage in the UK 1999-2025, by wage category [Dataset]. https://www.statista.com/statistics/280483/national-minimum-wage-in-the-uk/
Organization logo

Minimum wage in the UK 1999-2025, by wage category

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12 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Jan 31, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
1999 - 2025
Area covered
United Kingdom
Description

In April 2025, the UK minimum wage for adults over the age of 21 in will be 12.21 pounds per hour. For the 2025/26 financial year, there will be four minimum wage categories, three of which are based on age and one for apprentice workers. Apprentices, and workers under the age of 18 will have a minimum wage of 7.55 pounds an hour, increasing to ten pounds for those aged 18 to 20. When the minimum wage was first introduced in 1999, there were just two age categories; 18 to 21, and 22 and over. This increased to three categories in 2004, four in 2010, and five between 2016 and 2023, before being reduced down to four in the most recent year. The living wage The living wage is an alternative minimum wage amount that employers in the UK can voluntarily pay their employees. It is calculated independently of the legal minimum wage and results in a higher value figure. In 2023/24, for example, the living wage was twelve pounds an hour for the UK as a whole and 13.15 for workers in London, where the cost of living is typically higher. This living wage is different from what the UK government has named the national living wage, which was 10.42 in the same financial year. Between 2011/12 and 2023/24, the living wage has increased by 4.80 pounds, while the London living wage has grown by 4.85 pounds. Wage growth cancelled-out by high inflation 2021-2023 For a long period between the middle of 2021 and late 2023, average wage growth in the UK was unable to keep up with record inflation levels, resulting in the biggest fall in disposable income since 1956. Although the UK government attempted to mitigate the impact of falling living standards through a series of cost of living payments, the situation has still been very difficult for households. After peaking at 11.1 percent in October 2022, the UK's inflation rate remained in double figures until March 2023, and did not fall to the preferred rate of two percent until May 2024. As of November 2024, regular weekly pay in the UK was growing by 5.6 percent in nominal terms, and 2.5 percent when adjusted for inflation.

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