Real hourly pay growth by pay percentile, UK, 1975-1999 and 1999-2023
Published 12 March 2024
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| Percentile of hourly pay | Annualised growth rate, 1975-1999 | Annualised growth rate, 1999-2023 | Total real terms growth (1975-1999) | Total real terms growth (1999-2023) |
|---|---|---|---|---|
| 5 | 1.7 | 2.0 | 48 | 61 |
| 10 | 1.5 | 1.6 | 43 | 47 |
| 20 | 1.6 | 1.2 | 47 | 32 |
| 30 | 1.8 | 0.9 | 52 | 24 |
| 40 | 1.9 | 0.8 | 58 | 20 |
| 50 | 2.1 | 0.7 | 64 | 17 |
| 60 | 2.3 | 0.6 | 72 | 16 |
| 70 | 2.5 | 0.6 | 81 | 14 |
| 80 | 2.7 | 0.5 | 91 | 11 |
| 90 | 2.9 | 0.4 | 100 | 10 |
Source: LPC analysis of NES (1975-1999) and ASHE (1999-2023), UK, workers ages 22 and over and CPI indices. 1975-1999 is unweighted. 1999-2023 uses standard ASHE weights. Includes apprentices.
Notes:
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Administrative data sources show stronger pay growth in recent years at the top of the pay distribution, so these results may understate pay growth for top deciles.
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Figures are chain-linked to adjust for methodological changes to ASHE since 1997. For more information see Appendix 1 of the LPC’s report on the National Minimum Wage beyond 2024 (forthcoming).