Job Market Monitor
Low Pay
UK – Is low pay is the first step towards better-paid, better-skilled ?
The coming years will be pivotal for the UK’s labour market. Along with new questions raised by Brexit, the responses to longstanding issues dogging firms and workers alike will be key. When it comes to action points, Britain’s woeful productivity growth since the financial crisis is top of the list but not far below is … Continue reading
From Low Pay to Higher Pay in UK – People who are on low pay more likely to be in employment in the future than the unemployed or not in the labour force
There is a sizable body of literature examining low paid employment with a focus on state- dependence of low pay – that is, whether and to what extent current low paid employment increases the probability of remaining in low pay in the future. The interest in state-dependence of low pay arises from a concern that … Continue reading
US – Lowest-Paid jobs lead wage gains
Average hourly earnings in industries paying less than $12.50 an hour a year ago rose 3.2 percent in the 12 months through April, about 1 percentage point more than wage growth for the job market as a whole, according to Goldman Sachs Group Inc. This development may be the start of a long-awaited catch-up for … Continue reading
Low Wages in US – About 20.6 million people (30% ) are near-minimum-wage workers
About 20.6 million people — 30% of all hourly, non-self-employed workers 18 and older — are what we call “near-minimum-wage workers,” meaning they earn more than the current minimum wage (either the federal $7.25-an-hour minimum or a higher state minimum) but less than the $10.10 hourly rate that emerged over the past year as a … Continue reading
Low Pay in UK – 236,000 jobs with pay less than the National Minimum Wage finds ONS
This release presents statistics on the number of jobs with pay less than the National Minimum Wage (NMW) in the UK. The NMW is a minimum amount per hour that most workers in the UK are entitled to be paid. There are different rates of NMW depending on a worker’s age and whether they are … Continue reading
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