• 16. Low pay in a high-cost Britain: Kate Bell, Trades Union Congress

  • Jul 31 2023
  • Length: 31 mins
  • Podcast

16. Low pay in a high-cost Britain: Kate Bell, Trades Union Congress

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  • Summary Guest: Kate Bell, Assistant General Secretary at the Trades Union Congress. For many years wages have stagnated, at a time of low inflation people did not feel the hit, but now with prices on all the essentials from pasta to petrol going through the roof workers are feeling the hit. The episode examines the pay gap, and how it has changed over the years, low pay and what can be done to address it. How do we make pay fair? Mubin speaks to Kate Bell about pay. What is a fair wage? How has pay changed over time? How do we compare to other countries? And of course, pay is the main factor behind the recent industrial action we have seen across a range of sectors, which we’ll also be touching on. Questions driving the story What are the long-term trends relating to pay? And what impact is this having on living standards? Are there particular groups/populations/sectors affected? We’ve seen a decline in those on lower to middle incomes getting their fair share – who’s getting more of the share of the pie? And why has that trend occurred? Is this happening globally? We’re seeing greater reporting by companies in relation to pay ratios and the gender pay gap – is this leading to positive change? Are we seeing more action by shareholders? What has been the impact of the national living wage? What are some of the gaps the Low Pay Commission still needs to address? We’ve also seen the living wage movement grow, with some 13,000 employers accredited. What impact has this initiative made? We often hear it said that higher wages lead to an inflation spiral. How accurate is that?
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