

The low pay puzzle
15 snips Mar 25, 2024
Exploring the low pay puzzle in the UK: the National Living Wage increase, billions in extra pay for low-paid workers, but still 2/3 of households in poverty. What can employers, governments, and workers do to ensure fair pay? Experts discuss the disconnect between economic growth and stagnant wages, the impact of the National Minimum Wage, fairness perceptions on work behavior, and strategies for businesses to navigate rising minimum wages.
AI Snips
Chapters
Transcript
Episode notes
Barclays Bank Transformation
- Pauline Mason recounts her experience working at a Barclays bank branch in Whitney.
- Over time, automation led to job losses and a shift towards low-paying sectors.
Job Market Polarization
- The 1990s saw growth in high-paying and low-paying jobs but a decline in mid-level jobs.
- This polarization of the job market was driven by technological advancements, particularly in digital fields.
Impact on Women and Minorities
- Women and minority ethnic groups were disproportionately affected by the shift in the job market.
- Lack of education opportunities and limited mobility contributed to their struggles.