The extent of low pay across Britain has barely moved in the last 20 years, but is likely to change rapidly over the next five as a result of the new ‘National Living Wage’.
But without productivity growth, some employers in low-paying sectors could struggle with a fast-rising wage floor. What are the key productivity blockages in these sectors? How can employers, together with government, tackle the key challenges of low pay and poor productivity, and successfully adjust to a higher wage floor?
At an event in Westminster chaired by Political Editor of Sky News Faisal Islam, the Resolution Foundation presented new analysis of the UK’s evolving low pay landscape. David Norgrove, Chair of the Low Pay Commission, and Charlie Mayfield, Chairman of the UK Commission for Employment and Skills and the John Lewis Partnership, gave their take on the low pay and productivity challenge.
An expert panel discussion and Q&A followed.
RF’s presentation is available here: http://www.slideshare.net/ResolutionFoundation/getting-ready-for-a-higher-wage-floor