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Old 20-08-2014, 14:41   #41
chris9991
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Re: UK Economy Emerges From Six-Year Downturn

The other great benefit about the self employed is you can count them as employed in the unemployment statistics but then ignore them in the average wage calculation

http://www.resolutionfoundation.org/...nings-measure/

Quote:
Key Findings

At points, average earnings would have been higher had the data captured the self-employed as well as employees, but since the downturn they would have been consistently lower
Including the self-employed in our most timely earnings barometer would have worsened our view of the fall in earnings since the pre-recession peak by between 20 and 30 per cent
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