Friday, 14 June 2013

Wages are going down

Wages have fallen more in real terms during the current economic downturn than ever before, according to a report.
One third of workers who stayed in the same job saw a wage cut or freeze between 2010 and 2011, said the Institute for Fiscal Studies (IFS).  
The figures from Scotland's chief statistician also showed there had been a fall in the average household earnings in Scotland. Within the last two years, incomes have gone from an average of £461 per week to £436. BBC
Maybe working for yourself is the best option if your boss is a... 
 
With the economic situation most households need two incomes to sustain raising a family. Caring for children at home can be a full time job in itself. The only real possibilities for the stay at home carer are to either get part time work (which usually means working late at night) working from home or starting a business.
Seven out of 10 mums would rather stay at home with their children than go to work, according to a survey of mothers carried out by the website netmums. But for most, that’s just not possible. In fact, just taking maternity leave can rock a household’s finances, let alone leaving work entirely.  A uSwitch survey showed that nearly three new mums in 10 end up in debt because of their maternity leave, while more than one in 10 cut their time off work short because of financial pressures.  Yahoo
 

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