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Brexit Will Do More To Hurt Workers’ Wages Than Raise Them, Resolution Foundation Report Says

“While it is wrong to say migration had no effect on the earnings of native workers, specifically for those in low-paying sectors, the effect was very small,” the research said.

“A fall in inward migration will not significantly help boost wages, which are more likely to be suppressed by sterling’s depreciation in the short term and the wider impact of Brexit on growth in the years ahead.”

This conclusion contradicts claims by the Leave campaigners, who said Brexit would raise wages by reducing the number of immigrants competing for jobs.

In March, Lord Rose made comments conceding there could be a rise in low-skiller labour wages but said this was “not necessarily a good thing”.

Lord Rose chaired Britain Stronger In Europe and his comments were seized upon by his opposing side.

Ukip MEP Jane Collins said: “Because of mass migration wages have been pushed down to the very minimum and people are still choosing between heating and eating.

“That’s without even going into those British people who have been desperately seeking work… 

“They might not be so good for big business which won’t be able to exploit the free movement of labour the EU brings them but it’ll be a huge bonus for everyone else.”

Brexit campaigner and Tory MP Steve Baker said: “A vote to remain is a vote to continue a migration policy which discriminates in favour of EU citizens at the expense of lower paid workers.”

In its editorial backing Brexit, The Sun said staying in the EU meant “being powerless to cut mass immigration which keeps wages low”.

The Resolution Foundation also said the jobs sectors that depended heavily on immigrants would need help doing with the shock of Brexit.

Article source: http://www.huffingtonpost.co.uk/2016/08/15/brexit-will-do-more-to-hurt-workers-wages-than-raise-them_n_11535326.html?utm_hp_ref=uk-politics&ir=UK+Politics