[Guardian] The growth in wages for UK workers is set to stall at just two per cent next year thanks to the large number of migrant workers waiting to fill vacancies, the Guardian has admitted.Referring to data from the Chartered Institute for Personnel and Development (CIPD), the paper reports that while job creation will remain strong over the next year, wages for most workers will not rise substantially -- and this is in large part due to the high number of migrant workers.
While up to 400,000 new jobs could be created in 2016, there is no sign of a skills shortage, thus making it more difficult for workers to demand a generous pay rise.
According to separate figures, the number of non-UK nationals in the workforce has rocketed from 986,000 in 1997 to 3.22 million now, thus making up more than 10 per cent of Britain's workforce.
Over the past 12 months, three quarters of new jobs created went to non-UK nationals -- 326,000, compared to 122,000 for British workers.