Latest Moan From You and Me 2023

Oh dear, there seems to be a problem in the teaching job! Other sources:

Pay scales – England
https://www.tes.com/magazine/analysis/general/teacher-pay-scales-how-much-are-teachers-paid-england
Teacher pay and benefits | Get Into Teaching GOV.UK

(the latter mentions career progression, holidays, the extremely generous pension scheme).

Much of the world's data is only an online search away. For instance, the average age of secondary school teachers in England seemsto be around 39. There's a huge wodge of information at:

School workforce in England, Reporting year 2022

It's all jolly interesting.

 

Hopefully inflation will drop in line with forecasts. The "triple lock" will change I'm sure, with the highest of average earnings growth, CPI inflation, or 2.5% meaning that if left, pensioners would eventually receive the biggest incomes of all, and the burden on taxpayers would become unbearable. Something needs to be done to sort the whole lot out, pensions/benefits, it's a mess (moan!), but politics being what they are, it will be difficult I'm sure.

 

No need to be sorry, if you don't want to know, don't!

 

Moan: Bother. Looking at these "fascinating figures" I haven't changed my old mum's TV channel. She's npow on "The Yorkshire Vet" (46) until 12, then my alarm will tell me to switch it to Bob Ross and his half-hour painting programme (11). Then "Money for Nothing" (12)

 

That has already been pointed out its percentages not amounts, so how you pensioners will receive the biggest incomes of all is cloud cuckoo land thinking.
The burden on the tax payer is due to governments running pension schemes that would be classed as illegal if any company was to do it.
You pay in and even if you pay extra you still get the same as everyone else.

 

That won't hapen, because this governmet or the one after it are likely to change the system. I ain't a pensioner... hope to be, one day.

However, percentages are why it would eventually[1] happen, were change not made, because the current triple lock is the highest single amount out of average earnings, inflation (CPI), or 2.5%, so the increase will (until change happens) always outpace everyone else's income growth, at an exponentially rising rate as sums increase.

For example:

Earnings up by 5%, CPI up 8%, pension increase 8%.
Earnings up by 6%, CPI up 4%, pension increase 6%.
Earnings up by 1%, CPI up 2%, pension increase 2.5%.


[1]

 

But as said its a percentage of didly squat.
Its going to take about 200yr before pensioners become the highest earners.
Percentages are not money.

 

Percentages are powerful, especially compounded interest, which is what applies to pensions.

To take a simple example:

£10,000 pension, increase it by £1,000 per year over 10 years.
£10,000 pension, increase it by 10% compounded over 10 years.

The amounts are not "real life", but the principle is.

 

Surely the same applies to wages. Compound interest.

 

And we cant go on strike.

 

The only problem is no body has noticed.