AVERAGE earnings are still £13 a week lower than they were a decade ago, an alarming study has found.
The Resolution Foundation report warned that job insecurity remained “widespread” – with around 800,000 Brits currently employed on zero-hours contracts.
But despite the “dire performance” on pay the think tank found the biggest winners from jobs boom since the financial crash were those on the lowest incomes.
Britain’s poorest third of households – dubbed the ‘Just About Managing’ group by Theresa May – accounted for half of the rise in employment since 2008/09.
The boom in jobs since the financial crash has taken the economy close to full employment for the first time in decades.
Employment across the bottom third of households made up 1.2 million of the 2.1 million increase in jobs between 2008-2017.
Those in the middle third have experienced the smallest employment gains with a rise of 360,000 jobs.
The top third of households fared marginally better with a 540,000 boost in employment.
Resolution Foundation economist Stephen Clarke said the higher employment rates were “a much-needed bright spark amidst the gloom of the pay squeeze”.
He said: “Lower income families have accounted for the majority of Britain’s jobs growth, showing that pushing for full employment can boost living standards.
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“But while employment is at a record high, Britain is still some way off full employment and too much work remains low paid and insecure.
“Steps to provide advance notice of shifts and a right to a regular contract for those working regular hours on a zero hour contract would also help those in work who have precious little job security.”
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