While improved legislation on wage inequality is being determined, says Kate Elliot, there are opportunities for investors to influence companies to promote more socially responsible employment practices
An analysis of UK income distribution, published by the Department for Work and Pensions in March 2017 for the financial year 2015/16, estimated 5.8 million working-age adults were in relative poverty, with 3.2 million of these in working families. It is therefore no longer certain that work in and of itself can be viewed as a clear route out of poverty. Additionally, while economic reasoning would suggest bargaining power should be shifting back towards workers, generating higher wages to tackle income poverty, the situation in the UK indicates the opposite. Govt to force firms to re...
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