The wages and salaries in the Non-Metallic Mineral Products sector in the UK for 2024 are forecasted to be £3.5 billion, a continuation from the previous year. The subsequent years show a consistent year-on-year increase: 3.54% in 2025, 3.58% in 2026, 3.62% in 2027, and 3.66% in 2028. This represents a steady growth trajectory for this sector.
Key trends and future considerations:
- The annual growth rate remains modest yet consistent, which might indicate stable yet cautious industry confidence.
- Trends in automation and sustainability could impact wage growth, potentially moderating or accelerating this trend.
- Regulatory changes and international trade dynamics post-Brexit could introduce fluctuations in future wage forecasts.
- Attention should be given to technological advancements that may shift workforce dynamics in the sector.