Share of GDP paid to low earners down 25% in 30 years
The Resolution Foundation’s “Missing Out” report reveals that the share of GDP paid as wages to the bottom half of earners has fallen 25% in the last 30 years.
Matthew writes for Left Foot Forward on the economy, and in particular the impact of economic policies on low-to-middle earners and the "squeezed middle". He is a senior economist at the Resolution Foundation.
The Resolution Foundation’s “Missing Out” report reveals that the share of GDP paid as wages to the bottom half of earners has fallen 25% in the last 30 years.
We have been warned that next week’s Emergency Budget could bring pain for years to come. Cameron’s coalition has promised that such pain is inevitable but that the medicine will be administered fairly. But there remain many questions about what such ‘fairness’ means in practice.
Matthew Whittaker is a senior economist at the Resolution Foundation With economic recovery still far from secured, there remains a […]