Jobs· Labour market· Pay The labour market is delivering on jobs and pay – it is vital for living standards that we keep it that way 10 September 2019 by Nye Cominetti A tight labour market is finally delivering decent pay growth. In the three months to July 2019, average weekly regular pay (i.e. excluding bonuses) grew by 1.9 per cent on the previous year (slightly down on the previous month). Given that average real pay grew by 2.1 per cent in the eight years prior to … Continued READ MORE
Labour market· Skills· Apprenticeships What do the latest apprenticeship figures tell us? 2 September 2019 by Kathleen Henehan and Jubair Ahmed This August, as always, brought a host of headlines on academic results: from A level triumphs to parents’ confusion with the new(ish) GCSE marking system. Rather less attention, as always, was paid to students who pursued qualifications and pathways outside the traditional GCSE-to-A level-to-university route. For instance, apprenticeships, where young people can – in theory … Continued READ MORE
Jobs· Labour market· Quality and security· Low pay· Pay· Minimum wage Is the minimum wage pushing people into self-employment? 29 July 2019 by Nye Cominetti Two big changes in the labour market over the past two decades have been the rise in self-employment and the introduction and uprating of the minimum wage. Is there a connection between these trends? Legally, of course, there is no connection – the minimum wage applies to employees only. But economically, we would expect one. … Continued READ MORE
Jobs· Labour market· Pay· Intergenerational Centre It’s getting better all the time? 5 July 2019 by Stephen Clarke In 1957 the Prime Minister Harold Macmillan told the country that it had “never had it so good”. Since then more than six decades have elapsed, and each successive generation has debated whether this applies to them. Such debates continue to rage. Some commentators have argued that today’s young people are more fortunate than previous … Continued READ MORE
Jobs· Labour market· Productivity & industrial strategy· Pay Two and a half reasons to be cheerful about our strong and stable labour market 11 June 2019 by Nye Cominetti Today’s labour market statistics were, to use a technical term, boring. In a world of high political and economic drama, our labour market has served up headline measures of real pay growth and employment which basically haven’t changed for four months in a row. We shouldn’t bemoan unchanging numbers. Like air travel and digging tunnels, … Continued READ MORE
Labour market· Housing· Intergenerational Centre Britain has become a less mobile nation – why? 6 June 2019 by Torsten Bell Donald Trump tells us there are no protesters. He says it so often, he probably believes it. Which is worrying, but also fairly normal. There are stories we hear so often that we simply assume they are true. Here’s one. Our communities are changing ever faster as more and more people move around for work, … Continued READ MORE
Labour market· Housing· Intergenerational Centre Young people are no longer footloose and fancy free – and rent rises are to blame 6 June 2019 by Lindsay Judge Millennials, eh? They never stand still. Always on the move, with their ‘portfolio careers’, side hustles in the gig economy, and no loyalty to the companies they work for. With an attitude like that, it’s no wonder they struggle to find decent work and pay. There’s only one problem with this common trope though. It’s … Continued READ MORE
Jobs· Labour market· Quality and security Union membership is rising again – but will it last? 31 May 2019 by Daniel Tomlinson In 2018 the Trades Union Congress (TUC) celebrated its 150th birthday. Yesterday the government delivered a somewhat belated birthday present to the union movement in the form of new statistics showing that membership levels have risen significantly for the first time in almost two decades. Happy birthday TUC! In this short blog post, we provide … Continued READ MORE
Labour market· Low pay· Pay· Minimum wage· Living Wage Britain can afford an even higher minimum wage – but we need to tread carefully 30 May 2019 by Nye Cominetti Britain has long had a low pay problem. For most of the last two decades around one in five workers has been in low-paid work – earning less than two-thirds of the typical hourly pay – at any given time. This is a massive problem given how hard it can be to escape low pay. … Continued READ MORE
Labour market· Pay· Intergenerational Centre Wrong time, wrong place – leaving education in the middle of a downturn 13 May 2019 by David Willetts Modern economies are supposed to deliver improving living standards – incrementally year-on-year, with big gains decade-on-decade. That is why it is so shocking that a 30-year-old today earns no more than a 30-year-old a decade ago, according to previous research by the Resolution Foundation’s Intergenerational Commission. This is an earnings freeze on a scale unprecedented … Continued READ MORE
Labour market· Pay· Intergenerational Centre Coming of age during a downturn can cause scarring – and it takes up to a decade to heal 13 May 2019 by Stephen Clarke Recessions are bad for people’s standard of living. And they’re particularly bad for young people. That’s the painful lesson we learnt after the 1980s recession where, for most of that decade, at least one in seven people under 30 were unemployed. We know a lot about the unemployment scarring of the 1980s – from the … Continued READ MORE
Firms· Labour market· Productivity & industrial strategy The word on the high street 18 April 2019 by Daniel Tomlinson The way we shop in the UK has changed dramatically in just the space of a decade. In 2008 less than five per cent of retail spending was online, and that share has almost quadrupled in the years since. The latest statistics published just this morning show that in March this year almost a fifth … Continued READ MORE
Labour market· Pay Real wage growth has finally returned to pre-referendum levels 16 April 2019 by Charlie McCurdy Today’s labour market stats has bought good news in terms of both jobs and pay. Employment remains at a record high and unemployment at a 40 year low. But what really stands out in today’s figures is real wage growth. This has finally returned to pre-referendum levels providing a long awaited boost to real earnings … Continued READ MORE
Labour market· Skills· Apprenticeships Apprenticeships system favours those who already hold skills 1 April 2019 by Kathleen Henehan This morning the Department for Education (DfE) published figures outlining the number and type of apprenticeships that were started during the first month of 2019. January isn’t a big month for apprenticeship starts. However, it does mark the completion of the first half of the academic year and, as such, is a good time to … Continued READ MORE
Labour market· Low pay· Pay· Minimum wage The minimum wage: now the only question is ‘how high?’ 30 March 2019 by Nye Cominetti This Monday, the 1st April, 2 million people working minimum-wage jobs will start the week with a pay rise. The National Living Wage (NLW), the rate that applies to 25+ year olds, will rise by 38p, from £7.83 to £8.21. We project that this will increase the number of people paid at the wage floor … Continued READ MORE
Labour market· Low pay· Pay· Minimum wage Minimum Wage 20th anniversary special Top of the Charts 29 March 2019 by Torsten Bell and Charlie McCurdy Afternoon all, It’s an historic day today. Lots of people were planning a party/wake. Big ones. But things have got derailed. No-one can agree on what to celebrate/mourn – or even when to celebrate/mourn it. There’s a serious danger no-one gets a party at all tonight. But don’t worry – TOTC is here to turn … Continued READ MORE
Labour market· Cities and regions (Almost) every part of the country is celebrating Britain’s latest jobs surge 19 March 2019 by Charlie McCurdy We’re now a decade on from the Great Recession where the UK’s labour market took a turn for the worse. Back in 2009, we were panicking that unemployment could hit over three million. Today, we’re celebrating the highest employment rate – at 76.1 per cent – since World War II, while unemployment is also at … Continued READ MORE
Jobs· Labour market· Skills Taking stock of skills and education in Brexit Britain 19 March 2019 by Kathleen Henehan The skills and qualifications held by the British workforce have come under increased scrutiny lately, tied as they are to the Brexit-related migration debate. Some have argued that ‘turning off the tap’ of migrant labour will cause immediate, and substantial, recruitment difficulties for firms. Others maintain that reduced levels of migration could compel educators and … Continued READ MORE
Labour market· Quality and security· Childcare· Welfare How big is the gender parenting gap, and is it improving? 8 March 2019 by Adam Corlett A lot has been written about the gender pay gap, with the typical hourly pay of women in full-time work 9 per cent below that of men – down from 17 per cent two decades ago. But there is another gap lying behind the gender pay gap that gets far less attention, despite being just … Continued READ MORE
Labour market· Low pay· Cities and regions Why city regions should be leading the charge on tackling low pay 3 March 2019 by Fahmida Rahman Low pay in Britain is an issue of national importance. With around one-in-five employees classed as low paid, the share of Brits who fall into this category remains well above the levels achieved by the best-performing countries in the OECD. That said, within Britain, there are huge disparities in terms of where low pay is … Continued READ MORE
Earnings Outlook· Labour market· Pay Will 2019 see a ‘new dawn’ for pay? 3 February 2019 by Nye Cominetti What does 2019 have in store for pay? 2018 was the year in which we left behind the pay squeeze of 2017. Nominal growth increased throughout the year, reaching 3 per cent for the first time in a decade. Will this momentum continue into 2019? The Bank of England thinks so. It forecasts average pay … Continued READ MORE
Labour market· Skills· Apprenticeships The post-levy Apprenticeship regime is finally taking shape 27 January 2019 by Kathleen Henehan Another year, another round of worries about the impact of the Apprenticeship Levy. Are the number of starts continuing to fall; are they all being converted to MBA-level courses; and will there be further changes to the levy? Last year, the stock answer to these questions was “wait and see.” But, as we approach the … Continued READ MORE
Jobs· Labour market· Pay Tight labour market breaks new ground on jobs 22 January 2019 by Stephen Clarke The UK labour market continues to confound. It seemed as though the seven year spurt in employment that began in late 2012 had come to an end in 2018. The number of people in work barely increased in the summer of last year and even fell in the three months to August. However, unlike many … Continued READ MORE
Labour market· Pay· Inequality & poverty The £3.2bn pay penalty facing black and ethnic minority workers 27 December 2018 by Kathleen Henehan It’s that time of the year when everyone does their reviews of 2018. The political review of the year will inevitably be dominated by the thrills and spills of Brexit. But for those interested in public policy, a strong contender for the Resolution Foundation’s ‘policy that could make a big difference to people’s living standards’ … Continued READ MORE
Zero-hour contracts· Jobs· Labour market· Quality and security Enforce the rules to help workers in Britain’s changing workforce 17 December 2018 by Lindsay Judge It’s here at last. Almost a year and a half after the Taylor Review was published and four consultations on, the government has finally released its plan of action to improve the quality of jobs in the UK. So is this an early Christmas present for the millions of people who work through an agency, … Continued READ MORE
