LONDON: Wage growth for the lowest-paid workers is starting to slow as a worsening jobs market undercuts the bargaining power of a section of the workforce that has proved resistant to the Bank of England’s inflation-fighting efforts, new data shows.
Advertised salaries for low-wage roles rose by 5.9% in the year to October, down from a seven-month high of 6.6% in the previous month, according to figures from job-search site Indeed. It marked the first moderation since April.
