From the TUC

Economics (page 2)

West Midlands devolution  – ending the fly-over state

02 Jun 2017, by in Economics

 Devolution has a long history. The election of metro mayor’s across the UK was just the latest milestone in the devolution journey. Successive governments have recognised that the UK is far too centralised and that to unlock the full potential of the UK’s nations and region’s  Whitehall needs to ‘let go’. Yet action has been…




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Productivity: the long global view

26 May 2017, by in Economics

We’re often told that the key to raising wages is to solve the ‘productivity puzzle’. Output per worker has stagnated since the financial crisis, leading economists to worry that the outlook for the economy is bleak. But a range of evidence across many countries suggests that the fall in productivity can be dated back to…




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Why aren’t wages rising?

17 May 2017, by in Economics

Today’s labour market figures presented yet another iteration of the puzzle of the UK labour market in recent years: why are higher employment rates not pushing up wages? Traditional labour market theory tells us that as unemployment falls, workers feel more secure in their jobs and more able to push for wage increases, employers need…




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