Article - Number of people in insecure work reaches record high, report finds
Started by Catherine Eadie
12034 points
Catherine Eadie
The Trades Union Congress (TUC) analysis revealed that the number of people in insecure work has hit a record high of 41 million in the UK. This type of employment, including zero-hours contracts and low-paid self-employment, has increased by approximately one million between 2011 and 2023. Insecure work has grown nearly three times faster than secure employment during this period.
Key Points
• Insecure work, such as zero-hours contracts and low-paid self-employment, has increased by around one million people between 2011 and 2023.
• The rise in insecure work has outpaced secure forms of employment, with 31% of people now in insecure work compared to 11% in secure employment.
• Insecure and low-paid work is estimated to cost taxpayers £10 billion a year, with concerns raised about the adequacy of the national minimum and living wage.
• People in insecure work face pay penalties compared to workers in more stable roles, with those on zero-hours contracts earning 35% less per hour.
• Initiatives like the Living Wage Foundation's living hours standard aim to provide more stability by ensuring minimum contracts and notice periods, with the reported benefits of a more motivated and productive workforce.
12034 points
Catherine Eadie
The Trades Union Congress (TUC) analysis revealed that the number of people in insecure work has hit a record high of 41 million in the UK. This type of employment, including zero-hours contracts and low-paid self-employment, has increased by approximately one million between 2011 and 2023. Insecure work has grown nearly three times faster than secure employment during this period.
Key Points
• Insecure work, such as zero-hours contracts and low-paid self-employment, has increased by around one million people between 2011 and 2023.
• The rise in insecure work has outpaced secure forms of employment, with 31% of people now in insecure work compared to 11% in secure employment.
• Insecure and low-paid work is estimated to cost taxpayers £10 billion a year, with concerns raised about the adequacy of the national minimum and living wage.
• People in insecure work face pay penalties compared to workers in more stable roles, with those on zero-hours contracts earning 35% less per hour.
• Initiatives like the Living Wage Foundation's living hours standard aim to provide more stability by ensuring minimum contracts and notice periods, with the reported benefits of a more motivated and productive workforce.