Living wage miscalculated says Manx Government

Fri, 12 Aug 2022

The Isle of Man's Living wage has been miscalculated according to the Manx Government.

A new report has calculated the figure for 2022 at £11.05 an hour.

The calculation reflects a weekly wage, before tax, of £414.38 and an annual salary of £21,547.50 based on the assumption of working 37.5 hours per week.

As part of the introduction of a programme of improved quality assurance procedures, officers from Statistics Isle of Man (formerly known as Economic Affairs) identified miscalculations in previous Manx Living Wage rates.  The methodology used to reach the figure has been corrected and miscalculations contained in previous years have been addressed.  This process has been externally validated by the Centre for Social Policy Research at Loughborough University.

Taking into account these miscalculations, the Manx Living Wage for previous years should have been:

• 2021: £9.63, rather than £10.87
• 2020: £9.38, rather than £10.19
• 2019: £8.93, rather than £9.76
• 2017: £7.81, rather than £8.61.

 

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