Bank of England deputy governor claims skew towards low-skilled employment helps elaborate feeble productivity and payLow-skilled migration and a reluctance to invest acquire been cited by a leading Bank of England official as possible factors depressing wage growth and harming Britain’s productivity since the deep recession of 2008-09.
Ben Broadbent,one of Threadneedle Street’s four deputy governors, said the skewing of employment growth towards the lower-paid and lower-skilled helped elaborate why pay pressures were so feeble. Related: Low pay, and low inflation and low interest rates? This is not 1975 Related: UK interest rates may acquire to be cut,warns Bank of England chief economist Continue reading...
Source: theguardian.com