In the News
Agency staffed underpaid and exploited says report
5th December 2016
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
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty 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 conferences in the UK and overseas.
You might also like
Labour Migration (Labour Markets)
Study Notes
The Battle between Robots and Skill
14th April 2015
Monopsony Power in Markets
Teaching PowerPoints
Trade Unions in the UK (Labour Markets)
Topic Videos
The Unemployment Trap
Study Notes
Lidl lifts pay ahead of minimum wage rise
12th February 2025