Poor men earning less as rich trouser more in ‘gig economy’, report reveals

THE rise of the gig economy is seeing poorer male workers earn less while richer ones take home more, a major report finds today.

Wages in lower paid roles have gone down over the last 20 years because men are working fewer hours or part-time.


The rising popularity of gig economy has impacted the wages of poorer male workers as they are working fewer hours

But at the same time, higher paid men are working longer hours and taking home more because of it.

The stark findings over rising pay inequality amongst men come in a report by the Resolution Foundation think tank today.

It finds that the share of men earning less than £175 a week – a third of the average weekly wage – has spiralled by 70 per cent since 1997.

But the share trousering more than £1,060 – double the typical weekly wage – has increased by 15 per cent.


The Resolution Foundation say their findings indicate pay equality is rising amongst men

 

But women are not suffering the same alarming trend, with both part-time and full-time female workers having increased their hours over the last 20 years.

The Resolution Foundation’s Stephen Clarke said: “Britain’s real hollowing out problem has much more to do with the hours people are working than the rates of pay different jobs bring.

“Stronger pay rises and finding work will always be the best and most direct way for households to boost their incomes. But being able to work the hours you want or need to get by also matter hugely.

He added: “Women still dominate part time and low-paid work – but men are increasingly joining them”.

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