The UK’s annual pay gap with the rest of the EU is currently around 10 per cent, according to the latest OECD data.
The OECD’s most recent figures show that the UK’s average annual wage has been £32,926, but is still higher than the EU average of £31,858.
But it’s not all gloom and doom, as it is the country’s productivity that’s making it the lowest paid in Europe.
The UK ranks fourth in the OECD in terms of per capita productivity per head, behind Germany, France and the Netherlands.
But that’s only because the UK has more people working in a less productive sector than in the EU.
It has one of the highest per capita GDPs in the world.
But its productivity has lagged behind its peers.
In the past five years, productivity in the UK fell for the third straight year.
The US, which has more than 100 per cent of the world’s workforce, is also making gains.
However, the US has one-fifth the per capita pay of the UK.
Australia, which is the world leader in terms.
of total economic output, has the fourth highest per head per head.
It’s the only OECD country to have an average per capita income in excess of $100,000.
But, according the OECD’s latest figures, Australia is still lagging behind.
Australia has the lowest average annual pay in the European Union.
The figure is below the EU-15 average of $58,095, which includes Switzerland, Denmark and Norway.
It is higher than that of the US at $60,081.
However there is still some hope for the UK, as the Office for National Statistics says the average per head income has been increasing at a rate of 0.8 per cent per year since 2009.
The latest figures show an increase of 0,7 per cent for all workers in the last year.
But the figures do not include a number of low-paid workers such as nurses, housekeepers and construction workers.
One of the most significant trends is the rise in the share of people who are employed part time.
Over the past 10 years, the proportion of workers in part-time employment has grown from 8 per cent in 2000 to 22 per cent now.
The figures also show that more people are now being employed part- time, with the majority of people working part-year.
In fact, half of all workers are currently working part time, according, the Office of National Statistics.
The share of workers who are in part time employment has risen in the past decade, and the trend is continuing, according The Economist.
In 2011, the share was at 8 per, while in 2016, it was at 22 per.
The biggest losers are workers in manufacturing, who have fallen from 27 per cent to 22.
In 2017, the OECD found that, in the industrial sector, the total share of employees in part‑time work dropped from 32 per cent at the start of the decade to 23 per cent.
The main driver of the shift towards part-day work is technological progress.
In 2018, the percentage of manufacturing workers in full‑time employment fell from 41 per cent from 2037 to 2021.
The other major driver of this trend is the fact that the proportion working part‑ time is falling in most of the OECD.
Australia is the only country that has experienced an increase in the proportion in full-time work over the past ten years.
This is because the productivity of the workforce has increased and part-timers have moved into the workforce.
The trend is also the reason why the OECD is projecting the share in full time employment to increase by 0.7 per day in 2019.
The Office of Economics and Business Research is the research arm of the Organisation for Economic Co-operation and Development.