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Average pay on rise, study finds

A study by the Resolution Foundation has said that the Office for National Statistics' measure of average weekly wages is flawed because it do not take into account changes in the pattern of employment. The research suggests average wages for workers who have remained in their jobs are growing faster than inflation, whilst the official figures have been dragged lower by an increase in low-paid employment. The foundation's study indicates that without changes to the composition of the workforce this year, ONS data would show real wage growth after inflation of 0.1% in the first half of 2014 rather than a drop of 0.8%.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

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