Productivity & industrial strategy
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Pay
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Economic growth

Follow the money

Exploring the link between UK growth and workers’ pay packets

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This briefing note unpicks the relationship between productivity and pay growth, looking at a variety of factors that influence pay growth for different groups of employees in the UK – from trends in the labour share to terms of trade movements, and from the role of employer pension contributions to the impact of changes in working patterns.

Living standards
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Jobs
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Demographics
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Pay
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Intergenerational Centre

Mapping millennials’ living standards

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Intergenerational progress – the idea that each successive cohort should have higher living standards than predecessors at the same age – has slowed down markedly for today’s young adults. This puts their experience in stark contrast to the rapid cohort-on-cohort improvements in standards of living up until those born in the 1970s. Because many people … Continued

Earnings Outlook
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Labour market
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Pay
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Minimum wage

Earnings Outlook Q1 2019

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

Labour market
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Low pay
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Pay
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Minimum wage
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Living Wage

Low Pay Britain 2019

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This is our ninth annual report on low pay. This edition focuses on the minimum wage, which recently turned 20. It analyses the extent to which the minimum wage has reduced the proportion of the working-age population in low pay. It also looks to the future, asking how fast the minimum wage can boost wages for the lowest earners while managing the inevitable risks to employment.

Jobs
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Labour market
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Quality and security
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Low pay
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Pay

Atypical approaches: Options to support workers with insecure incomes

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There has been much debate about the certainty of income that atypical work provides, and whether the rights of workers are being consistently upheld. This report explores these issues, looking beyond a minimum wage premium, at how other high-income countries have sought to reduce one-sided flexibility in the labour market.

Labour market
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Quality and security
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Universal Credit
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Pay

Irregular Payments: Assessing the breadth and depth of month to month earnings volatility

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This research addresses the question of earnings volatility, unearthing striking findings about the lived experience of work – and the pay we receive for it – in the UK today. This report makes use of anonymised transaction data from over seven million Lloyds Banking Group (LBG) accounts in order to demonstrate the breadth and depth of changes in pay from month to month.

Earnings Outlook
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Labour market
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Pay

The RF Earnings Outlook Q1 2018

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Our quarterly earnings outlook, for Q1 2018. The outlook explores whether the current pace of wage growth is as good as it gets. Despite signs of improvement, annual growth in weekly wages is almost 1.5 percentage points lower than the pre-crisis average.

Living standards
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Pay
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Inequality & poverty

Opportunities Knocked? Exploring pay penalties among the UK’s ethnic minorities

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Over the past two decades ethnic minority groups have made substantial gains in relation to education and employment. But in spite of this progress, large pay gaps remain: even after accounting for education, occupation and other key factors, black male graduates are on average paid 17 per cent less than their white male counterparts; Pakistani/Bangladeshi non-graduate men are paid 14% less.

Low pay
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Pay

Low Pay Britain 2018

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Our annual look at low pay, for 2018. With low pay falling, we suggest policy makers should focus on three challenges: progression (low paid workers lack thereof), power (likewise), and the gender pay gap.

Earnings Outlook
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Labour market
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Pay

The RF Earnings Outlook Q4 2017

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In Q4 2017 the pay squeeze for that year looked set to dissipate and employment rates continued to rise. But, taking a longer view, weaker than expected productivity growth suggests that the outlook for real pay growth is likely to remain subdued.

Jobs
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Labour market
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Quality and security
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Low pay
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Pay
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Cities and regions

‘A-typical’ working day in Greater Manchester

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Greater Manchester has experienced a growth in ‘a-typical’ work in recent years, with implications for pay and progression. In this briefing, we explore the labour market performance of Greater Manchester over recent years, comparing it to other city regions over time.

Jobs
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Earnings Outlook
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Labour market
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Pay

Earnings Outlook Q2 2017

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This Earnings Outlook looks at the second quarter of 2017. This was a period in which we saw the best and worst of the UK labour market. On the one hand, compared to a year earlier real pay fell by 0.5 per cent; yet on the other hand the unemployment rate hit a low not … Continued

Low pay
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Pay
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Minimum wage
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Living Wage

Low Pay Britain 2017

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Our annual look at low pay. In 2017 we found that the number in low hourly pay had fallen, driven by the higher minimum wage for those aged 25+. We also held focus groups with people in low pay, who highlighted several non-pay issues they faced at work, including a lack of control over working hours.

Jobs
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Labour market
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Quality and security
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Minimum wage

The minimum required? Minimum wages and the self-employed

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The minimum wage revolutionised the lower end of the UK’s labour market, protecting employees from exploitation. But the self-employed – now one in seven of the workforce – are not entitled to the minimum wage. With growing concerns over their earnings and conditions, particularly in the so-called gig economy, extending the minimum wage to some … Continued

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