Job Crisis 2013: recession hit Britain now has cost of living crisis
With economic growth going up and unemployment going down things are looking up in the UK economy, but that’s now how workers are seeing things. Companies aren’t paying the wages they were before the economic financial meltdown and job security remains a major problem. David Cameron’s probably in denial at the moment as most people in Britain are facing the “cost of living crisis” Labour talk about as growth in wages fails to keep up with rising prices.
According to the Office for Budget Responsibility, wages won’t hit pre-crisis levels until 2018. If that’s true it will mean a decade of poor wages for British workers. While most workers try and cope with a cost of living crisis, some are also coping with a crisis at work as employers make more demands than ever before on worker’s time and efforts. Job security is also minimal in the workplace so workers are earning less than they should, working more than they ever have and experiencing no comfort for their efforts.
The 2012 Skills and Employment Survey showed that to aid job security a quarter of all British workers are undertaking less interesting work and that greater intensity is required at work than before the 2006 financial crisis. The issue of commuting was also part of the study, with more people spending more time traveling to and from work, primarily because they’re accepting whatever work is out there.
The government are pushing UK business out to the world. The chancellor’s recent trip to China to promote trade with the UK will help push the economy upwards but will it be enough for workers feeling the pinch now? The chancellor’s other initiatives like a £50 rebate for energy charges will also help struggling families but we’re not sure these measures are really enough.