Commenting on Growth Without Gain? – the interim report of the Commission on Living Standards published today (Friday) – TUC Deputy General Secretary Frances O’Grady said: “Today’s report is a wake-up call to anyone who assumes that rising living standards will automatically accompany our economic recovery.
“Wages have failed to keep pace with economic growth in recent decades. The concentration of wealth at the top has left a growing debt burden for low and middle earners, which contributed to the global financial crash.
“As the UK seeks to recover from the downturn, we need a radical rethink of the way our economy is structured. Securing fairer wages for working people and strong jobs growth are essential to achieving a strong and sustainable recovery.”
“Wages have failed to keep pace with economic growth in recent decades. The concentration of wealth at the top has left a growing debt burden for low and middle earners, which contributed to the global financial crash.
“As the UK seeks to recover from the downturn, we need a radical rethink of the way our economy is structured. Securing fairer wages for working people and strong jobs growth are essential to achieving a strong and sustainable recovery.”
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