The national living wage has caused the biggest fall in low pay in 40 years – but how is this improving people’s living standards?

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Jobs, Skills and Pay

Employment is at a 40-year high, while pay is stagnating. That, in brief, sums up the last few years of changes in Britain’s labour market. As Figure 1 shows, politicians rightly highlight that employment and unemployment are undeniably trending in the right direction. But the good news on employment has failed drastically to translate into … Continued

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The latest on low pay

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Jobs, Skills and Pay

To paraphrase the great Yogi Berra, making predictions is hard. That’s especially true of the future of the UK’s labour market. After all, the current combination of record high employment and falling real wages is not a forecast many economists would’ve made even a couple of years ago. But new Annual Survey of Hours and … Continued

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Charting a course to better jobs in Greater Manchester

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Jobs, Skills and Pay

Andy Burnham, the mayor of Greater Manchester, has just announced that he is looking at creating a ‘GM Employers’ Charter’ to raise productivity and job quality in the region. As a first step the Mayor is seeking the views of employers, workers, trade unions and other experts, so it’s a good time to take stock … Continued

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We need to address Britain’s Jekyll and Hyde labour market

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Jobs, Skills and Pay

The latest chapter in the British labour market’s Jekyll and Hyde story was published this week. New data on jobs, pay and inflation continued the plot of recent months: an impressively high employment rate twinned with woeful wage growth that’s unable to keep up with prices. But for one group at least, recent developments have … Continued

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There’s much uncertainty about a ‘No Deal’ Brexit, but what we do know would be bad for living standards

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Public Finances and the Economy

Big change, means big uncertainty. Especially when that big change is being brought to the complex beast that is a major developed country in the 21st Century. To complicate the task further, in the case of Brexit Britain while we know big change is coming, we don’t know what form that big change will actually … Continued

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