Women close pay gap but earnings lose ground to inflation
Thursday 22 November 2012
The pay gap between male and female workers has fallen below 10 per cent for the first time, according to official figures.
The difference between men's and women's median hourly pay, excluding overtime, fell from 10.5 per cent to 9.6 per cent during the year to April 2012, the Office for National Statistics (ONS) said.
But both sexes were worse off in real terms as wage packets rose by just half the rate of inflation over the last year.
In April 2012 average gross weekly earnings for full-time employees were £506, up just 1.5 per cent from £498 in 2011. This took the average full-time wage to £26,500.
It left workers nursing real-terms pay cuts as the official Consumer Prices Index benchmark stood at 3 per cent in April.
Xenios Thrasyvoulou, founder of online freelance marketplace PeoplePerHour, said: "Women may be starting to win the battle of the sexes, but the workforce as a whole is losing the battle with inflation. Wage increases are not keeping pace with the rising cost of living."
However, the figures revealed a narrowing in the gap between the highest and lowest-paid employees. In the year to April, the basic hourly earnings excluding overtime of the most well paid 10 per cent of full-timers fell by 0.2 per cent, whereas those in the bottom 10 per cent saw an increase of 2.3 per cent.
London came top of the pay table with average weekly earnings of £653, rising to £917 in the City. This was more than double the £453 a week picked up by full-time workers in Wales, the lowest-paid region.
The figures also showed that the average, part-time hourly wage increased by just 1p to £8.01 over the past year.
Around one in five part-time workers earned £6.30 an hour or less, compared with the national minimum wage of £6.19 an hour, while two out of five earned less than the so-called living wage of £7.45.
More than one in 100 workers is paid less than the minimum wage with 287,000 jobs paying less than the legal benchmark, according to the ONS.
Young people were more likely to be paid less than the minimum wage than older workers, with 18,000 16 and 17-year-olds, or 6.5 per cent, paid less than £3.68 an hour.
- 1 Double chins could be 'cured' without surgery or dieting using new injection
- 2 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 3 Dog thinks owner is drowning in lake, dives in and tries to pull him out
- 4 Thank heavens for Louise Mensch and her foul-mouthed tweets to world leaders
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Greece elections: Greek PM Alexis Tsipras takes aim at 'neo-liberal' Europe as country gears up for prolonged austerity battle
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
Prince Philip set to be knighted by Australia: Celebrate by reading his greatest gaffes
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
iJobs Money & Business
£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...
£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...
£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...
£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...