Earnings increase less than inflation in 2017

Fri, 23 Feb 2018

Earnings on the Isle of Man rose slightly last year, but dropped when adjusted for inflation.

The Government's annual earnings survey showed those who work full time earned an extra 3.9% in 2017 compared to the previous year.

The average weekly pay of a full-time employee on the Island was found to be £558 compared with £537 in 2016.

However, this represents a 0.1% drop when inflation is taken into account.

14% of employees were earning below the living wage, while 5% earned the minimum wage.

The survey is based on a random sample of employees drawn from income tax records, and includes overtime, shift premiums and bonus payments.