A look beyond the headline data on the forces behind current developments in pay, how the fruits are shared, and the short- and longer-term drivers of earnings growth.
Household incomes are the best measure of living standards we have. How those incomes grow (or fall) for different groups is a key measure of the state of the economy and inequality. Earnings, employment, prices, taxes, benefits, pensions and demographic changes are all reflected in average household incomes. The graphs below show the pace of … Continued
A snapshot of the UK labour market using several key measures. Britain is in the middle of a pay squeeze that is far deeper than anyone expected. What’s most concerning is that while inflation continues to rise, wage growth is actually weakening and making the household income squeeze even tighter. The terrible news on pay … Continued
Explore how median wages differ depending on age, hours worked, and sex using these interactive charts.