The National Living Wage will bring Britain’s need for stronger productivity growth into sharp focus

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Jobs, Skills and Pay

After months of debate, analysis and more than a little terminological confusion, the introduction of the National Living Wage (NLW) is now just five weeks away. While this substantial lifting of the wage floor for the over-24s will come as a welcome boost for the 4.5 million low paid workers set to benefit initially (rising … Continued

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Lifting the wage floor increases the urgency for securing productivity gains

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Jobs, Skills and Pay

The welcome introduction of a significantly higher wage floor from April 2016 is set to boost the pay of around 6 million workers. But it will pose adaptation challenges for employers, particularly in lower paying sectors such as retail and hospitality. A simple thought exercise implies that maintaining a broad adherence to the international relationship … Continued

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Who will reap the gains of the recovery?

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Incomes and Inequality

Poor productivity is only one part of the post-millennial wage disappointment story The productivity crisis of the last few years is far from over but economic recovery is now well-established and there are at least a few flickers of life in the official data on output per hour. The widely shared assumption, often unspoken, is … Continued

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