Why messing with pay is not the best way to end living cost squeeze

Unemployment and underemployment in the UK are still far too high. But given the circumstances, the UK’s labour market is in a far better shape than we might have expected. In much of Europe, five years of stagnation have sent jobless figures through the roof. Yet the UK got away with a black eye. A new report, released by the Resolution Foundation yesterday, highlights the downsides to this. But we must not take the upside too easily for granted.

 

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Source: http://www.iea.org.uk/blog/why-messing-with-pay-is-not-the-best-way-to-end-living-cost-squeeze

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