UK productivity falls to pre-crisis level - BBC News
Britain’s wealth problem – we don’t create enough of it - BBC News
Today's productivity figures are bad to the point of shocking.
Lord Adair Turner, the former head of the Low Pay Commission, yesterday and he made a rather startling - but correct - admission.
"The UK over the last 10 years has created a lot of jobs, but today real wages are below where they were in 2007," he said.
"That is not the capitalist system delivering its promise that over a decade or so it will raise all boats, and it is a very fundamental issue.
"There is something about the economy which - left to itself - will proliferate very, very low paid jobs."
The ever increasing wealth gap is coming home to roost now.
Britain’s wealth problem – we don’t create enough of it - BBC News
Today's productivity figures are bad to the point of shocking.
Lord Adair Turner, the former head of the Low Pay Commission, yesterday and he made a rather startling - but correct - admission.
"The UK over the last 10 years has created a lot of jobs, but today real wages are below where they were in 2007," he said.
"That is not the capitalist system delivering its promise that over a decade or so it will raise all boats, and it is a very fundamental issue.
"There is something about the economy which - left to itself - will proliferate very, very low paid jobs."
The ever increasing wealth gap is coming home to roost now.
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