Tag Archives: wages

Opinion: Patience, not paranoia is needed if the UK is to solve the productivity puzzle

Workers bankers london bridge - some rights reserved by zoonabarEconomist’ brows furrow when they note that midst the generally positive economic data emerging in the UK and the US, wage growth continues to be absent.

On the surface the answer is simple –  the participation rate in both economies has fallen. For some, particularly those anxious to play Cassandra to the next crisis, this is a sign that economic growth is a mirage.

In the UK context, wild and dangerous theories are granted fertile ground by some determined that coalition economic policy can’t possibly have achieved growth; suggestions that benefit sanctions are forcing the number claiming jobseekers down, but not wages up, has much traction, but scandalously little merit.

Posted in Op-eds | Also tagged | 10 Comments
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  • User AvatarRoland 19th Oct - 1:50pm
    @Peter Hayes "How could my mother prove who she was to a council official?" In exactly the same way as she does now! The id...
  • User AvatarPaul Walter 19th Oct - 12:08pm
    Fiona, he has said he will vote against: https://twitter.com/normanlamb/status/1185480953310916610
  • User AvatarPaul Walter 19th Oct - 12:01pm
    Well done Norman and thank you!
  • User Avatarfrankie 19th Oct - 11:11am
    I hope it is made clear to Stephen Lloyld if he votes for the Brexit enabling deep Austerity Bill there is no way back. I'd...
  • User AvatarJohn Marriott 19th Oct - 10:52am
    @Peter Hayes Answer to your question: by having an ID Card. And WHY NOT?
  • User AvatarRoger Lake 19th Oct - 10:51am
    Some readers may have suspected, rightly, that I am about to warn that the Green party already has the blessed "UBI" (Universal Basic Income) in...