Analysis and action on living standards
Jobs, Skills and Pay
In our latest quarterly Earnings Outlook, we focus on two of the biggest changes to the UK labour market over the past two decades – rising self-employment (from 3.4 million in 1999 to 5 million today) and the introduction and ramping up of the legal minimum wage (from £3.60 in 1999 to £8.21 today) – … Continued
Jobs, Skills and Pay
This is the ninth annual Resolution Foundation report on low pay. This year we focus on the minimum wage, for two reasons. The first is that it is driving big, welcome changes to our labour market. As the UK’s wage floor celebrates its 20th birthday, recent increases in its level have driven the first sustained … Continued
Jobs, Skills and Pay
In the three months to January 2019, average nominal pay growth was 3.4 per cent, where it had been for the last three months. However, with inflation falling below its 2 per cent target, real pay growth strengthened to 1.4 per cent, the highest since June 2016. Improving pay growth is being driven by a … Continued
Jobs, Skills and Pay
On the eve of the global financial crisis, the UK’s employment rate was 73.0 per cent. A decade on and the employment rate is 75.7 per cent, by a distance the highest since comparable records began in 1971. This report looks back at a decade of unprecedented growth in employment, and at the effect this … Continued
Jobs, Skills and Pay
In October there was good news on pay: nominal pay grew by 3.1 per cent in the 12 months to August, the fastest growth since the financial crisis (January 2009). The question is, is such (relatively) strong pay growth likely to be sustained? Nominal pay growth has been building steadily since early 2017, so this … Continued