Public sector workers first to face cut in real pay, says thinktank Public sector workers have become the first group to suffer a cut in real wages since the recovery of 2014 as forecasters predicted that the rest of the working population would follow suit later this year.
The Resolution Foundation said the situation for 5.4 million public sector workersis expected to worsen over the rest of the decade as pay restraint and high inflation eat into their take-home pay and living standards.
The independent thinktank forecast that median real pay for the average public sector worker would fall below 2004-05 levels by the end of the current parliament in 2020.
UK social care sector in crisis due to staff hortages
On current trends, the average pay of public sector workers will be £1,700 lower in 2020 than its peak in 2010, it said. Continue reading... The Guardian
The Resolution Foundation said the situation for 5.4 million public sector workersis expected to worsen over the rest of the decade as pay restraint and high inflation eat into their take-home pay and living standards.
The independent thinktank forecast that median real pay for the average public sector worker would fall below 2004-05 levels by the end of the current parliament in 2020.
UK social care sector in crisis due to staff hortages
On current trends, the average pay of public sector workers will be £1,700 lower in 2020 than its peak in 2010, it said. Continue reading... The Guardian
No comments:
Post a Comment