• Replies 3 replies
  • Subscribers 6 subscribers
  • Views 5115 views
  • Users 0 members are here
Options
Related

Are wages on the increase?

Victoria Dmochowski

According to the BBC, the number of people in work has reached a record high of 32.2 million.

The Bank of England says it expects the fall in unemployment to start pushing up pay more quickly (which is the main reason why it has said it is likely to raise interest rates more quickly than it previously thought).

Have you noticed wages going up?

Parents
  • Probably depend of which sector we are talking about. Definitely minimum wage went up from 1st April 2018, however pension contribution went up on this same time.

    I will say for majority people wages are pretty much stagnant or worse and employees are feeling squeeze on their home budget.

    Employers are very reluctant to put wages up if you are above minimum wage and they justify their decision saying that cost of e.g. raw materials went up or uncertainty of the Brexit. They forgot that employees expenses went up as well such as council tax, utility bills, travel to work, food, etc.
Reply
  • Probably depend of which sector we are talking about. Definitely minimum wage went up from 1st April 2018, however pension contribution went up on this same time.

    I will say for majority people wages are pretty much stagnant or worse and employees are feeling squeeze on their home budget.

    Employers are very reluctant to put wages up if you are above minimum wage and they justify their decision saying that cost of e.g. raw materials went up or uncertainty of the Brexit. They forgot that employees expenses went up as well such as council tax, utility bills, travel to work, food, etc.
Children
No Data