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    Pandemic will push down global wage levels

    Shutterstock The Covid-19 crisis will inflict ‘massive downward pressure’ on wage levels globally, according to research from the International Labour Organisation. The ILO found that in countries where strong measures were taken to preserve employment, the impact tended to be a drop in wages rather than large numbers of job losses. In a third of […] More

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    Covid crisis creating ‘permanent damage’ to wages

    Shutterstock The average worker’s annual pay packet by the middle of the decade is set to be £1,200 lower than predicted earlier this year, with the pandemic, Brexit and the lasting effects of the 2008 financial crisis culminating in an ‘unprecedented’ 15-year squeeze on living standards, a think tank has claimed. The Resolution Foundation’s analysis […] More

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    National living wage April 2021: 23-year-olds to receive increase

    House of Commons/PA Wire/PA Images The age from which workers become eligible for the national living wage will reduce to 23, the government has confirmed as it announced April 2021 increases to statutory minimum wage rates. In his comprehensive spending review today, Rishi Sunak confirmed that the national living wage (NLW) will increase 2.2% to […] More