£5700 in 1981...what would be the equivalent earnings

[zippitippitoes]

per annum now ie what is that inflated to today from 1981?

By the Mars Bar Index , about £15-16,000? (Not sure how much one is today but am guessing at 40p so )

Just a sec - are you looking at the mars bar index, zippi?

(It's my favourite measure. Doesn't stand up against the graduate entry salary though.)

If you go by the price of eg 20 B&H it would be about £57K, but the price of fags has been artificially increased.

£14,633 using the RPI

why?

calculator

that is to 2005 btw

although if you're trying to calculate earnings it would probably be the same (wages seem to have stayed the same for years and years)

but haven't earnings risen faster than prices?

oh sorry it's earnings you want

thank you..I was just going through my old stuff in a panic looking for my degree certificate and found my pay for my teaching salary..I thought ti souinded quite a lot but not according to your calculations

Ah - that's weird because the year on that table was 1981 and the salary given was £5700!

Mars Bar Index stacks up against RPI then.

so a graduate joing ici got the same as a new teacher..is that the case in 2006?

ici was a bluechip company then - what would an equivalent be now? And what does an NQT get? (Primary/secondary different?)

Interesting forum

£19,600 seems to be the equivalent for sept 2006 for a teacher

What is the average graduate starting salary?
Information on graduate salaries is available in various surveys and reports but figures tend to be different, as they are arrived at in different ways.

£18,197 average and £18,211 median*, offered by recruiters advertising in search job vacancies in the year to January 2006.
Salaries offered ranged from £6,181 to £40,000. The highest paying job required at least three years of industry experience. To find out more, you can use the searchable on-line salary and vacancy database in how much could I earn?

£22,851 (average) and £21,000 (median) for 2006 graduates, according to Prospects Directory.
Prospects Directory is an annual graduate recruiters' directory published by Graduate Prospects and features thousands of jobs and hundreds of employers. The latest 2005/06 issue is aimed at 2006 graduates. The salaries offered ranged from £13,954 to £37,000.

£22,494 (median) for 2005 graduates and forecast of a 2.3% rise to £23,011 for 2006, according to the Association of Graduate Recruiters (AGR).
The AGR study, published in February 2006, was conducted with 222 graduate employers, which are mostly large, blue-chip companies.

£17,029 (median) for full-time first degree graduates from 2004 whose destinations were known and who were in full-time employment in the UK six months after graduating, according to latest figures released by the Higher Education Statistics Agency (HESA).
This figure comes from the Destinations of Leavers from Higher Education (DLHE) survey, which explores graduates? destinations six months after graduation.

It is important to note that the salary figures for the first three sources are from mainly large companies and organisations and the vacancies are aimed specifically at graduates. A substantial number of graduates, however, obtain posts which are not specifically targeted at degree holders. As a result, the average salary figures from these sources are likely to be higher than the average graduate starting salary (eg the figure reported by HESA), as there is a bias towards larger firms and specific graduate jobs. In addition, many of the vacancies are in London where salaries offered tend to be higher than in other UK regions.

• The median is the middle of a set of values.

(last updated April 2006