Wage inequality has soared across both the East and West Midlands over the last 13 years according to new TUC analysis published today (Monday) to coincide with the beginning of the TUC’s first Fair Pay Fortnight which runs until Sunday 6 April 2014.
The figures – based on full-time earnings from the Annual Survey of Hours and Earnings (ASHE) – show that between 2000 (when the data was first collected) and 2013 the pay gap between the top 10 per cent and the bottom 10 per cent of earners in the east midlands rose by 5 per cent – and 7 per cent in the West Midlands.
This new analysis shows how wage inequality has soared in parts of the UK over the last decade. This growing pay gap is bad news for our economy and bad news for living standards.
The picture is particularly bleak in London and the South East, but in areas like the Midlands, the North West and the East of England a significant gulf has developed between top and bottom earners. Unless this trend stops now and more high-skilled jobs with decent pay are created, this worrying pattern is likely to become even more entrenched.
Everyone must benefit from the recovery, not just those at the top. The TUC wants to see a greater commitment to pay the living wage from both government and employers, a crackdown on excessive executive pay, and modern wages councils which could set higher minimum wages where employers can afford to pay more.
During Fair Pay Fortnight we’re asking workers to back our call to MPs to get all political parties to put decent pay at the top of their agendas in the run up to the election.”
The Midlands TUC, unions and trades councils will be hitting the streets to talk to people about our Fair Pay Fortnight campaign, details are listed below. Why not come along and tell us your pay story and how you are having to cope with rising prices for services food and fuel?
Midlands TUC Regional Secretary
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