Low-pay sectors, earnings mobility and economic policy in the UK
研究了英国低薪和收入流动性在不同行业间的显著差异,指出低薪行业增长的政策影响,并建议关注低薪行业的生产率提升以改善生活水平和经济表现。
Low pay is a significant and growing issue in many developed economies. Sectoral approaches are often used in both economic development and labour market policy, yet there is little evidence on how low pay and earnings mobility vary by sector. This article investigates this issue in the UK. It shows pronounced sectoral variations in low pay and earnings mobility. It highlights the policy implications of growth in large, low paying sectors. While policymakers have focused on high-wage, high-skill sectors, efforts to improve productivity in low-wage sectors could improve living standards and the UK’s economic performance.