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Thursday, June 22, 2017

Slow wage growth down to return to the past, says Bank of England economist | Business | The Guardian

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theguardian.com
– Larry Elliott
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Andy Haldane says rise in self-employment and drop in union membership mirrors weak workforces of pre-1750 era The lack of wage growth in Britain’s economy is the result of turning the clock back to the days before the Industrial Revolution when there were no trade unions and self-employment was rife, the chief economist of the Bank of England has suggested. Andy Haldane said the current relationship between pay and employment had more in common with the period between 1500 and 1750 than in the.  show all text
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