Living standards for low- and middle-income households will fall until 2020, even if the country enters a golden period of steady economic growth, according to an incendiary analysis of deepening income inequality in Britain.
Why?
The study identifies several reasons for the deepening divide in living standards. While new jobs are being created, it finds that many are at the top and the bottom of the income scale, with few in the middle. By 2020, it says, Britain can expect 2m more jobs in high-paid professional and managerial occupations and also growth in low-skilled service roles, with more than 700,000 new positions in retail, caring and leisure. But more traditional jobs in the middle – from skilled administrative roles to skilled manufacturing – are drying up.
Is there a solution for this dreadful prediction?
It also projects a future in which Britain matches the proportion of women in work achieved by the best-performing OECD countries, such as the Scandinavians, which is likely to require a big expansion of childcare provision.
Oh well done there that man. So, we\’ll solve the problem of having an increasing number of low skill and low wage jobs by creating a raft of low skill and low wage jobs in which women look after other peoples\’ children.
Very well done that man. Total friggin\’ genius.
How an organisation with this mission statement:
and run by these people can call itself, and be reported as, “independent” rather than “not formally linked to Labour, just ‘friends with benefits'”, says something about the gullibility of the British press.
Its funding might bear some looking in to but I’ve got a long drive today 🙁
Typical Socialist drivel – why even mention it? as when Ed Miliband assumes power, the 83% tax rate introduced at the behest of his chief advisor Richard Murphy will ensure everyone is poorer!
“Typical Socialist drivel – why even mention it? as when Ed Miliband assumes power, the 83% tax rate introduced at the behest of his chief advisor Richard Murphy will ensure everyone is poorer!”
WTF?
“But more traditional jobs in the middle… are drying up.”
Possibly, there’ll be no positions for buggy-whip manufacturers, or girls who connect telephone calls by plugging in 1/4″ jacks, either.
Woe, woe is us – whatever will we find to do?