Search Results for: income

New report challenges idea that productivity has no link with income

New report challenges idea that productivity has no link with income

by • 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.

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More nations trial universal basic income as report suggests it could provide a major economic boost

More nations trial universal basic income as report suggests it could provide a major economic boost

by • AI, Legal news, News

The much talked about idea of a Universal Basic Income in developed economies is now attracting greater political momentum, at the same time that a major new research project from an American think tank sets out the potential economic benefits. Yesterday, Scotland’s First minister Nicola Sturgeon called for research into the plausibility of a “citizens’ basic income” in a speech to the Scottish Parliament. Her appeal follows an announcement on the same day that Hawaii is to become the first US state to formally explore the idea. A trial is already under way in Finland, although a recent report in the New York Times suggests it is deeply flawed.

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The partners of men with flexible working hours have higher incomes

The partners of men with flexible working hours have higher incomes

by • Flexible working, News

A new study suggests that the partners of men who have access to flexible working earn significantly more than those who have more rigid working cultures. The study of German couples, conducted by Dr Laura Langner at the University of Oxford’s Department of Sociology, explored changes in incomes once at least one partner is able to begin flexible working. The study suggests that once men started working flexible hours, their wives’ hourly wages increased significantly, particularly if they were mothers (14.2 percent after four years). The husband’s own hourly wages also increased by 7.4 percent over the following four years.

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Podcast: Is universal basic income a Utopia for realists?

Podcast: Is universal basic income a Utopia for realists? 0

by • Comment, Podcasts

At his recent Harvard commencement ceremony, Facebook founder Mark Zuckerberg addressed the issue of universal basic income. In his speech he articulated the underlying premise of basic income as a way of redefining our relationship with work and society. “Every generation expands its definition of equality. Now it’s time for our generation to define a new social contract,” Zuckerberg said. “We should have a society that measures progress not by economic metrics like GDP but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to give everyone a cushion to try new things.”

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Universal basic income is an idea whose time has come at last

Universal basic income is an idea whose time has come at last 0

by • Comment, Flexible working, Technology, Wellbeing

Universal basic incomeIt is no longer a question of whether one of the world’s major economies will introduce a universal basic income for all of its citizens, but when. Over the weekend, the leader of the UK’s Labour Party Jeremy Corbyn announced in an interview in the Huffington Post that he was ‘instinctively looking’ at an idea that is already being discussed and piloted in Switzerland, the Netherlands, Norway and Canada. Corbyn may be one of the current glut of what would have once been political outliers in the Western World, but the idea of a universal basic income is one that is increasingly accepted in mainstream economic thinking. The RSA continues to campaign for it and has even put a number on it, suggesting that every UK citizen should be offered £308 between the ages of 25 and 65. Andrew Flowers offers up a masterful and detailed analysis of the economic and political issues involved in this piece on fivethirtyeight.com.

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Growing number of people past retirement age still work to boost income

Growing number of people past retirement age still work to boost income 0

by • Legal news, News, Wellbeing

grey poundFor all that everybody bangs on about Millennials, it’s increasingly apparent that the workforce in most nations is actually getting older and that it’s not just Governments who are keen to keep older staff in work, but also people themselves. A new study from MetLife based on Government data claims that nearly one in seven over-65s in the UK are boosting their retirement income by working, earning around £296 in addition per week. The data suggests that the numbers of over-65s working has increased from just 8 percent of the pensioner population to 13 percent in the last ten years, the equivalent of 1.1 million people.  Median earnings from working are £296 a week adding up to annual pay of nearly £15,400. The need to keep working is underlined by the continuing squeeze on saving and investment income, which generates just £312 a year for pensioners on average. The proportion of pensioners earning money from investments has dropped from 72 percent in 2004/05 to around 64 percent now. Around 72 percent of all pensioners have private or company pensions compared with 66 percent a decade ago.

Value of offices and property rental income across the UK hit two year high

by • News, Property

Manchester Media CityThe value of commercial real estate in the UK rose for the fourth consecutive month during August, led by increases in the average value of offices, according to a report from Investment Property Databank (IPD). The average value of offices, warehouses, retail and industrial rose by a 0.4 percent across the country. Office buildings rose by 0.6 percent during the month while total return, which combines changes in real estate values and rental income, was 0.9 percent, to reach the highest level since March 2011. The report claims the upturn is down to the wider economic upturn and persistent  low interest rates which incentivise investors to acquire high income generating assets. The report also notes that investors are looking to acquire more property outside of London as the economic recovery spreads across the UK. (more…)

Job satisfaction falls to record low as fewer workers want full-time employment

Job satisfaction falls to record low as fewer workers want full-time employment

by • News, Wellbeing, Workplace

Job satisfaction in Britain has fallen to its lowest recorded level, while fewer than half of working-age adults now say they would ideally like to work full-time, according to new researchJob satisfaction in Britain has fallen to its lowest recorded level, while less than half of working-age adults now say they would ideally like to work full-time, according to new research suggesting a growing disconnect between what employees want from their jobs and what employers provide. Analysis of the latest British Social Attitudes Survey, carried out by the Resolution Foundation, reveals that the proportion of workers satisfied with their main job has fallen from 81 percent in 2015 to 74 percent in 2025. This is the lowest level recorded by the long-running survey, which has been tracking attitudes towards work for more than four decades. The findings are published in Work in Progress: A Decade of Change in the World of Work, part of the latest British Social Attitudes research conducted by the National Centre for Social Research.

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Are businesses missing the point of charity partnerships?

Are businesses missing the point of charity partnerships?

by • Comment, Wellbeing

Increasingly, companies look to demonstrate meaningful social impact through their CSR, ESG and employee engagement programmes. And, partnering with a charity delivers a “win, win” for all parties, as it gives employees and customers a cause to align to, and the cause exposure and income from fundraising. But the most effective partnerships should be judged by the difference they make, rather than the category a charity occupies. At Leukaemia Care, we support people affected by blood cancer at every stage of life, including children and their families. (more…)

Are bonuses and share options split in a divorce?

Are bonuses and share options split in a divorce?

by • Company news, Workplace

The family home and pension pots take centre stage in financial discussions for many separating couples. Yet for anyone working in sectors where pay includes performance bonuses or company shares, these extras can easily represent as much value as the property itself. A bonus and share options divorce case often turns out to be far more complicated than either party expects, especially once timing, tax and disclosure come into play. This guide sets out how courts in England and Wales approach bonuses and share options, what counts as a shared asset, and how couples can work towards a fair outcome. Along the way, we will look at the legal principles involved, the practical steps worth taking, and where getting the right support early can make a genuine difference. (more…)

Why Australia’s property market still has room to run in 2026

Why Australia’s property market still has room to run in 2026

by • Company news

This piece cuts through that noise and lays out where the genuine strength in the property market sits right now, and why the fundamentals underneath it are more solid than the headlines suggestPerth house prices climbed nearly 13 percent this year. Brisbane and Darwin aren’t far behind. Meanwhile, the loudest headlines keep warning of a correction. Something doesn’t add up — and the gap between the sentiment and the numbers is exactly where this article lives. Anyone weighing up whether to buy, build, or hold in the current cycle is getting mixed signals from every direction: rate speculation on one channel, record price growth on the next. This piece cuts through that noise and lays out where the genuine strength in the property market sits right now, and why the fundamentals underneath it are more solid than the headlines suggest. (more…)

Westminster event backed by Coldplay frontman Chris Martin tackles disability employment barriers

Westminster event backed by Coldplay frontman Chris Martin tackles disability employment barriers

by • News, Wellbeing

An event at the Palace of Westminster this week will bring together politicians, business leaders and figures from the entertainment industry to discuss ways of improving employment opportunities for disabled and neurodivergent peopleAn event at the Palace of Westminster this week will bring together politicians, business leaders and figures from the entertainment industry to discuss ways of improving employment opportunities for disabled and neurodivergent people. The reception, organised by inclusive entertainment company 0UTLYER, takes place on 15 July and coincides with the launch of the All-Party Parliamentary Group (APPG) for Disability Employment. Titled Breaking Barriers, Backing Talent, the event aims to encourage collaboration between policymakers, employers and industry leaders on improving access to careers, particularly within the creative industries. (more…)

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