Comparison of Wage Inflation and L&I Rate Changes Over Time

Overview

Comparison of Wage Inflation and L&I Rate Changes Over Time

This chart shows the annual percent change in the statewide average wage and the annual percent change in the average workers' compensation premium rate per hour going back to 1998.

Since 2012, the annual percent change in the statewide average wage has been higher than the change in the average workers' compensation premium rate per hour.

Values

Year Wage Inflation Hourly Rate Change
2022 3.1%
2021 0.0%
2020 10.1% -0.8%
2019 6.7% -4.9%
2018 5.5% -2.6%
2017 5.0% 0.7%
2016 4.8% 2.0%
2015 2.6% 0.8%
2014 4.2% 2.7%
2013 2.0% 0.0%
2012 3.4% 0.1%
2011 3.6% 12.2%
2010 2.1% 7.7%
2009 1.9% 3.1%
2008 3.4% 3.4%
2007 5.0% -1.9%
2006 5.4% -0.5%
2005 3.5% 3.7%
2004 0.6% 9.8%
2003 2.3% 28.7%
2002 1.9% 1.9%
2001 0.9% -2.0%
2000 3.6% 0.2%
1999 8.4% -2.3%
1998 7.8% -4.8%

Numerical values presented in the image:

  • Wage inflation percentages are the annual changes in the Statewide Average Annual Wage calculated by the Washington State Employment Security Department.
  • Hourly rate changes are based on a 3/31/21 distribution of hours by risk classification, assume an average experience modification factor of 0.91, and exclude the impact of the 2007 rate holiday.

Presentation

The annual percent changes in the statewide average annual wage and the average hourly premium rates are shown as 2 lines, to compare them over the years 1998 – 2022.