Search Results for: income

November 28, 2018

New report challenges idea that productivity has no link with income

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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September 6, 2017

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

by Mark Eltringham • 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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July 31, 2017

The partners of men with flexible working hours have higher incomes

by Mark Eltringham • 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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June 5, 2017

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

by Mark Eltringham • 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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August 8, 2016

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

by Mark Eltringham • Comment, Flexible working, Technology, Wellbeing

It 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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July 28, 2016

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

by Mark Eltringham • Legal news, News, Wellbeing

For 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.

September 16, 2013

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

by Mark Eltringham • News, Property

The 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…)

January 15, 2026

New research highlights entrenched UK regional inequalities and policy hurdles

by Neil Franklin • Cities, News, Property

New analysis from the Institute for Fiscal Studies (IFS) and partner universities suggests regional inequalities across the UK remain deep, persistent and shaped by a combination of economic, social and mobility factors, according to a symposium of research published this month. Researchers say disparities in earnings, productivity, educational opportunity and life outcomes continue to vary sharply between regions, with many places that were struggling two decades ago remaining comparatively disadvantaged today. (more…)

January 8, 2026

People want their jobs to provide them with security and steady pay

by Neil Franklin • News, Wellbeing, Workplace

Workers are placing greater emphasis on job security, fair pay and employer support for flexibility, according to new global research from the Adecco Group, which suggests the so called Great Resignation has given way to a more cautious approach to how ambitious people would like to seem. The Workforce Trends 2025 report [registration] is based on responses from 37,500 workers and 2,000 senior executives across 31 countries. It finds that while employees continue to value growth, flexibility and meaningful work, these priorities are increasingly secondary to stable income and employment certainty as economic and social uncertainty persists. (more…)

January 2, 2026

Employers urged to expand flexible working ahead of 2027 legal changes

by Marvin Gort • Flexible working, News

Employers are being urged to widen access to flexible working during 2026, ahead of planned changes to employment law that will make flexibility the default unless it can be shown to be unreasonable. A new report from the Work Foundation at Lancaster University suggests that workers with long term health conditions and those in low paid roles are significantly less likely to have access to flexible working arrangements, despite evidence that such measures can support job retention and participation. (more…)

December 15, 2025

Beyond compliance: how the EU Accessibility Act will redefine workplace inclusion

by Stephen Cluskey • Comment, Workplace

The European Accessibility Act (EAA) came into effect on 28 June 2025. Since that date, any new product or service entering the EU market must meet common accessibility requirements. It’s a significant step toward ensuring that Europe’s 87 million people living with disabilities can use everyday products and services fully and confidently and will have a profound effect on workplace inclusion. The Act is designed to support both individuals and businesses. Until now, accessibility laws have varied widely across member states, creating unnecessary complexity for organisations and uneven experiences for people with disabilities. (more…)

November 28, 2025

Time to admit we were wrong about Canary Wharf and other business districts

by Mark Eltringham • Features, Flexible working, Property

There was a time during and after the pandemic when it looked like time was up for the world’s major business districts. For a start Canary Wharf looked like it would need to completely reinvent itself as firms started to relocate to smaller more central premises. Instead of housing tenants such as HSBC it would focus on becoming a mixed-use space with more homes and leisure facilities. Hell, we even published a feature setting that all out ourselves. But it’s funny how things turn out. The latest news is JP Morgan’s announcement of a vast new headquarters building in the area. The bank, already one of the largest employers in the UK financial sector, has confirmed plans for a three million sq ft tower on the waterfront that will accommodate 12,000 staff and represent an investment estimated at £3 billion. (more…)