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Most workers fear pay could fall, warns think tank

From BBC - January 12, 2018

More than three quarters of UK workers are worried their pay could fall in future due to rising prices, a report by a think tank has warned.

It found four of five of those currently in work fear the impact of inflation - ucurrently at its highest level in nearly six years.

The Royal Society of Arts (RSA) said workers across all income bands were concerned about falling real pay.

It said that many working people were unable to save regularly.

The study of more than 2,000 adults, carried out by Populus for the RSA, argues policies like universal basic income, and increased funding of preventative healthcare, would help to keep people in work and provide a financial cushion to support economic growth.

"The state can create the conditions for economic security but individuals and families must make the right choices too," said Anthony Painter, director of the RSA's Action and Research Centre.

Criticism

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