AVERAGE UK SALARIES ‘Labour’ is one of the four ‘factors of production’. Wages are the reward given to Labour. This activity asks you to rank 10 professions.

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Presentation transcript:

AVERAGE UK SALARIES ‘Labour’ is one of the four ‘factors of production’. Wages are the reward given to Labour. This activity asks you to rank 10 professions in order of their average wage.

You have 1 minute to rank these UK professions by their average wage – starting with the highest paid (2018 figures: ONS)

Finance Professionals Police Officer Lawyer Quantity Surveyor Finance Professionals Teacher Electrician Sales Executive Doctor Nurse Engineer Lawyer £63,771 Teacher £39,388 Engineer £43,628 Nurse £32,338 Finance Professionals £42,578 Electrician £31,277 Quantity Surveyor £42,511 Police Officer £26,605 Doctor £41,494 Sales Executive £26,302 Rank these UK professions by their average wage (2018 wages per annum: ONS) Press space to start timer

AVERAGE UK SALARIES Why do different jobs or professions offer varying rates of pay? What are the advantages and disadvantages to these ‘differentials’ wages?

OFFICE OF NATIONAL STATISTICS The figures used in this activity have been taken from the ONS website (www.ons.gov.uk) – this is one of the most important sources ofup-to-date economic data for the UK.