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And finally…

Job applications filtered by university ranking. Companies are keeping CVs from those who went to the top-24 institutions and scrapping the rest. Research has found that four-fifths of students who went to Russell Group universities secured full-time work within weeks of graduating, compared with two-thirds of those from other universities. A separate study by the Institute for Fiscal Studies in 2017 found Russell Group graduates earned, on average, £33,500 after five years, which is around 40% more than those from other universities. BBC

Imagine deciding how much you should be paid. A growing trend at some companies, the “pay self-assessment process” means workers decide how much they’re worth, and thus how much their remuneration should be, reveals the BBC. Experts say the process can increase pay transparency but warn it requires careful implementation. Some workers reported feeling “greedy” asking for more money, while others voluntarily chose to take a pay cut after their duties changed. BBC

Britons are worse off now than they were in 2008. The New Economics Foundation is challenging official GDP figures, which show incomes recovered in 2015 to reach their pre-crash levels. The foundation claims individuals are, in fact, £128 poorer a year on average when metrics such as increased taxes, the falling pound and rising housing costs are taken into account. A TUC report published in February found UK wages were worth up to a third less than in 2008. The Independent

Consumers spend more money on credit cards than on cash. Debit card spending overtook cash back in 2016, but this is the first-time credit card spending has done so too, according to the British Retail Consortium. In fact, cash is now only used in 20% of spending, with plastic making up almost all of the remaining 80%. The transition has led retailers to call for a reduction in card and transaction fees last year alone, retailers paid £1.3bn to third-party firms so that they could accept card payments. Yahoo

Unemployment rate for over 50s now equal to that of younger workers. Just 2.6% of adults aged 50 and 64 are unemployed, which is the same rate for those aged 35 to 49, according to the Office for National Statistics. Workers over 50 now make up 32% of UK employees compared to 21% in 1992 with more women aged 60 to 64 working than ever before. Ageism has been blamed for high unemployment rates in the past. The Guardian

Online shopping is responsible for forcing women out of work in the UK. Around 75,000 sales assistants or check-out operator roles previously taken by women, particularly entry-level positions for school leavers and part-time roles for mums, have disappeared in the last seven years, according to research by the Royal Society for the Encouragement of Arts, Manufactures and Commerce. Twice as much UK shopping is now online compared to 2011 and UK retailers closed 2,870 shops in the first half of the year, about 16 stores each day. The Guardian

What about educating our leaders? Of the current world leaders, 59 attended a British university; 62 an American one. In 2017, Britain had educated 58 world leaders to the US’s 57. The Times

Britain has 2.46m dollar millionaires. That’s the fourth highest number of dollar millionaires in the world, according to Credit Suisse’s Global Wealth Report, which found that residents of the UK are on average among the richest in the world. Switzerland topped the rankings with assets per adult of $564,650 (£439,252), followed by Hong Kong at $489,260 and the US at $432,370, with the UK ranked ninth. Australia fared worst (down $28,670). Overall, despite trade tensions, global wealth rose by 2.6% driven by the US and China. The Times

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