Are lower paid workers being spared the worst income cuts?
This post reviews some initial evidence from the 250 respondents so far to the poll on expected income changes in 2009. About 60% of respondents expect their income to fall this year compared to last. A breakdown by sector and by income level shows that across five broad sectors of the economy, lower paid workers are being spared the worst income cuts. In ICT, wages are expected to be static for the typical worker, regardless of income group. Read more