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Teaching Economics

In the News

Agency staffed underpaid and exploited says report

Geoff Riley

5th December 2016

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If you are teaching or studying monopsony power in the labour market you might want to read this report in the Guardian. The Resolution Foundation is starting an eighteen month research project into pay and conditions for hundreds of thousands of people in the UK who work for employment agencies.

Agencies charge an average pay penalty of 22p an hour, equivalent to £430 a year for those working full-time, according to the report.

This BBC article reports that the number of UK agency workers 'to reach one million' by 2020

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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