January 22, 2024

Regional divides, falling incomes, booming jobs markets; and lower productivity. The current state of the UK

by Neil Franklin • Business, Cities, News

No part of the UK has escaped the impact of the flatlining of the UK economy since 2010, according to new analysis published by the Centre for Cities in its Cities Outlook 2024 report. At the national level, people have been left with £10,200 less to spend or save on average since 2010 than if the economy had grown at pre-2010 trends. The report also suggests that a marked rise in employment has happened in parallel with overall falling productivity. More →

June 5, 2023

Think tank seeks funding for Universal Basic Income trial

by Neil Franklin • News, Workplace

A universal basic income may be trialled in England for the first time, with thirty people set to be paid £1,600 per month over a two-year period regardless of personal circumstances. Researcher Autonomy is seeking funding for the pilot scheme, which it claims “has the potential to simplify the welfare system and tackle poverty in Britain”. People will be drawn from two locations in England to participate, with the scheme testing the effects of basic salary being paid to everyone regardless of wealth or job. More →

May 18, 2023

Four in ten low income working parents have gone into debt to pay for childcare

by Jayne Smith • Flexible working, News, Workplace

A new poll from Working Families in partnership with law firm Pinsent Masons, sets out to highlight the challenges that lower-income parents in the UK face as they balance work and caring for their children. The Working Families Index 2023: Spotlight on lower-income families reveals that many working parents on lower incomes are forced to go into debt, reduce their hours, or leave their jobs altogether due to problems affording and accessing childcare. The report also claims that working mothers on lower incomes take far less maternity leave than the UK average, and that working parents on lower incomes are often locked out of the flexible arrangements they desperately need to stay in work and earn vital income whilst balancing their childcare responsibilities. More →

November 9, 2022

Cost of living forcing people to seek out sources of extra income

by Neil Franklin • News

Workers are looking for new jobs, asking for extra shifts, or taking on side hustles to make ends meet as everyday expenses eat up a bigger chunk of their pay cheques. A new Qualtrics study claims that 77 percent of workers say it’s harder to pay for their living expenses than it was a year ago. In the UK, inflation recently rose above 10 percent for the second time this year amid soaring food prices. Compounding the impact of the cost of living, many of the work-related expenses that were relieved by remote work, such as commute costs and full-time childcare, are returning as an increasing number of people head back to the office. More →

June 29, 2021

Insecure income, boredom and physical health impacted employee wellbeing most in lockdown

by Jayne Smith • Flexible working, News, Wellbeing, Working lives

Having an insecure financial situation, being bored in both work and free time, and worsening physical health were the biggest factors affecting employee’s wellbeing, during the first covid-19 lockdown, according to new research from emlyon business school. More →

August 28, 2020

German trial of universal basic income set to begin

by Neil Franklin • News, Workplace

A new trial of universal basic income and its effects on people’s wellbeing, work and wealth is set to start next year in Germany. The study will see 120 people receive €1,200 each month for three years, and researchers will compare their experiences with another group of 1,380 people who will not receive the payments. More →

August 11, 2020

Freelancer income fell by a quarter during lockdown

by Jayne Smith • News

In the second quarter of 2020, freelancers’ average income dropped by 25 percent, according to the latest freelancer Confidence Index by IPSE (the Association of Independent Professionals and the Self-Employed). According to IPSE, the drop in income was driven by a record fall in the average number of weeks freelancers worked this quarter. Between March and June, the average freelancer went 5.5 weeks out of 13 without work. Combined with a 3 percent fall in freelancers’ average day rates, this led to average quarterly earnings declining by 25 percent from £20,821 in Q1 2020 to £15,709 in Q2 2020. More →

March 3, 2020

What is the evidence for the benefits of basic income?

by Marcia Gibson • Features, Wellbeing, Working culture

The idea of giving everybody something called basic income – an unconditional, regular income – has become increasingly popular in the last few years, partly because employment has become less secure and people fear that increasing automation may cause job losses across many sectors. More →

January 21, 2020

Workers often care more about income than work life balance

by Jackie Le Poidevin • News, Wellbeing

Financial success is important to employees around the globe but the importance of maintaining a work-life balance differs between cultures, new research from BI Norwegian Business School has suggested. More →

July 4, 2019

Record number of people turn to gig work to top up income

by Neil Franklin • News, Workplace

The number of people doing gig economy work has doubled in the last three years, according to TUC and FEPS-supported research. The survey – carried out by the University of Hertfordshire with fieldwork and data collection by Ipsos MORI – suggests that nearly 1 in 10 (9.6 percent) working-age adults surveyed now work via gig economy platforms at least once a week, compared to around 1 in 20 (4.7 percent) in 2016. More →

February 11, 2019

Basic income experiment increased wellbeing but did not encourage people to find work

by Mark Eltringham • News

Giving jobless people in Finland a basic income for two years improved their self-perceived wellbeing but did not lead them to find work, researchers have concluded. In the trial, from January 2017 until December 2018, 2,000 unemployed Finns were paid a monthly flat amount of €560. The aim was to see if a guaranteed payment would help people to find jobs and support them in taking on more insecure work. While employment levels did not improve, participants reported to the researchers that they felt happier and less stressed.

November 28, 2018

New report challenges idea that productivity has no link with income

by Mark Eltringham • News, Workplace

A new IZA World of Labor report published today suggests that workers’ effort may be more responsive to wage incentives and therefore the efficiency costs of progressive labour income taxation larger than previously thought. A fundamental question in economic policy is how labour supply responds to changes in remuneration. The responsiveness of labour supply determines the size of the employment impact and efficiency loss of progressive income taxation for example. The economist Tess Stafford of the University of New South Wales, Australia, summarises a number of recent studies of independent contractors’ labour supply which confirm a key prediction of economic theory: workers work more (in fact, quite a bit more) when earnings are temporarily high.