Household Bills
Men increasingly pushed into part-time roles
Today, around one in eight men work part-time, compared to fewer than one in 12 in 1997. This part-time work tends to be associated with lower pay, while higher paid men work more.
Resolution Foundation labelled it as a “hollowing out”, with men increasingly polarised into the top and bottom rungs of the workforce.
The study – Counting the Hours – found that the share of men earning less than £175 a week has increased by 70% over the last 20 years, while the share of higher-paid men earning more than £1,060 has increased by 15%. The ‘middle’ has decreased by 15%.
In spite of concern over longer working hours, average hours for the highly paid have only increased by half an hour each week.
Stephen Clarke, analyst at the Resolution Foundation, said: “When people talk about the labour market ‘hollowing out’ they’re normally referring to mid-skilled jobs moving to other parts of the world, or disappearing altogether as a result of automation.
“But Britain’s real hollowing out problem has much more to do with the hours people are working than the rates of pay different jobs bring.
“The increase in earnings inequality among men is about the increasing number of low-paid men who are either reducing their hours or moving into part-time work, in some cases against their wishes.”
There are 0 Comment(s)
Everything you wanted to know about ISAs…but were afraid to ask
The new tax year is less than a fortnight away and for ISA savers or investors, it’s hugely important. If yo...
Your right to a refund if travel is affected by train strikes
There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...
Could you save money with a social broadband tariff?
Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.
What will happen if rates change
How your finances will be impacted by a rise in interest rates.
Regular Savings Calculator
Small regular contributions can build up nicely over time.
Online Savings Calculator
Work out how your online savings can build over time.
DIY investors: 10 common mistakes to avoid
For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.
Mortgage down-valuations: Tips to avoid pulling out of a house sale
Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?
Five tips for surviving a bear market mauling
The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...
Money Tips of the Week
© AE3 Media Ltd, Floor 7, Lincoln House, 296 - 300 High Holborn, London WC1V 7JH, Company.