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5m Brits Low-Paid

5m Brits Low-Paid5m Brits Low-Paid

A record five million UK workers are now in low-paid jobs, research from a think tank suggests, BBC reported. Those earning less than two thirds of median hourly pay – equivalent to £7.69 ($12.38) an hour – rose by 250,000 to 5.2m last year, the Resolution Foundation said. It said a “growing rump” of low-paid jobs was a problem for ministers because it kept tax revenues low. The government said it had taken lower earners out of income tax and wanted to raise the value of the minimum wage. Workers in Britain were more likely to be low paid than workers in comparable economies like Germany and Australia, the left-of-center think tank’s report said.

Financialtribune.com