The Bank of England fears worker power, but most are taking a real-terms pay cut

The Bank of England fears worker power, but most are taking a real-terms pay cut - short news


Conditions have improved for a select few but on wages and flexible hours, the trend for employees is generally backwards. Can the rate-setters grasp that?

Goldman Sachs has bowed to demands for a less stressful workplace by offering a “flexible vacation” scheme that allows senior bankers to take a holiday whenever they feel like a break.

Generosity further down the investment bank’s global chain of command is more limited: it has told traders and admin staff – who are..


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source: The Guardian - 21.05.2022

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