Millennials facing ‘generational pay penalty’ as their earnings fall £8,000 behind during their 20s

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Jobs, Skills and Pay, Intergenerational Commission

Fresh evidence of the growing intergenerational inequality that new Prime Minister has warned of Britain’s longstanding promise of ‘generational pay progress’ could turn into a ‘pay penalty’ for millennials, who are at risk of being the first generation to earn less than their predecessors over the course of their working lives, the Resolution Foundation says … Continued

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Strong rise in employment but pay rebound tailing off

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Jobs, Skills and Pay

  Uncertainty over pay prospects in UK highlights differences with US ahead of possible rate rise by Fed Britain’s jobs market continues to show signs of tightening but real wage growth is falling back relatively sharply, highlighting the difference between the UK and US as the Fed considers a rate rise, the Resolution Foundation said … Continued

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Half of all employers expect to be affected by the new National Living Wage

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Jobs, Skills and Pay

  Employers most likely to say they’ll manage higher costs by improving productivity Over half of all employers (54%) say the new National Living Wage (NLW) will have an effect on their wage bill, with three in ten of those organisations that will be affected by the new higher wage floor planning to raise productivity … Continued

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