The research shows that whilst inflation has come down considerably, it has still averaged 2.7% so far this year. With the average person in the UK earning an annual income of £35,404, this means that they should negotiate a pay rise of £956 in 2024 in order to see their wage keep pace with this current level of inflation.
Amazon's recent decision to increase minimum pay rates from £13.50 to £14.50 an hour aligns them with other major household names. However, the trade union GMB criticized the raise as 'too little, too late', highlighting ongoing tensions in employee compensation.
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