New Times,
New Thinking.

  1. Business
  2. Economics
31 October 2012

The Commission on Living Standards report in 9 graphs

Visual aids.

By Alex Hern

Wages have stagnated

Even as productivity grew

Inflation also eats away far more at the incomes of those who struggle to buy essentials

Non-wage sources of household income have failed to offset that stagnation

We need to improve female employment rates

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Which means addressing childcare costs to make work pay for second earners

We need to increase the skills of the lowest paid

And increase their pay 

If we do all that, life will get better for everyone in the nation

Read the full report here.

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