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23 September 2019
Wages in the UK are flat-lining because companies are scrapping mid-tier positions and replacing them with algorithms and cheap offshore labour, according to research from international recruitment firm Hays.
Hays found that with jobs like paralegal work and administration, new technology is making these roles redundant, leaving over-qualified professionals working in lower-tier positions instead.
“This is, in turn, pushing those in lower skilled jobs into underemployment, where they have jobs but do not work as many hours as they would like, leading to lower wages overall,” Hays stated.
Alistair Cox, Chief Executive of Hays, suggested this could be why there has been record employment levels and wage stagnation going hand in hand.
“By and large, workers