Fashion Statistics

FASHION STATS

Fashion has increased by £5 billion from 2009, increase in PR, this is all down to the industry promotion, which has become a huge influence on economy. People jobs were being replaced by machinery, which cost the company less money. This came to show when the employability rate dropped in 2009. Currently there are 797,000 jobs in the fashion industry which has decreased 2.3%. Still the employee wage income is estimated to have increased over £46 billion, 23% gain since 2009.

The output increase of technology has also been due to the amount of job losses, which had made a change for online shopping more in the back room, internet fashion means no retailers, you need technologist to create an amazing inspire website to increase your sales. However the cost of living has gone up, hard core businesses are at a high cost. 

Most internships are not paid for, which means that people working in the industry not receiving any money for it. The fashion industries have been stung and now having to pay a minimum wage to the internships which is the reason for the high percentage.
Innovation and Growth- is based on creativity, talent individuality, ideas and innovation.

84% of creative business have less then 10 people working for them, 2% have more then 100 working for them and 60% have less than 5 people working for them. The reason for this are because fashion houses have less employee rate and have one employer focusing on many exploits at a time. The industry have a high rate of self employment with 34% are self employed, compares to 14% across the economy.

48% portfolio working
23% self employment/freelance
18% running own business
44% want to have their own business (want to be own creative mind, don't want to be managed)