Mobility and the squeezed middle

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A common criticism of the recent concern over rising inequality is that it looks at the distribution of earnings and wealth at one point in time. Individuals are mobile and tend, on balance, to find better paying jobs over the course of their lifetime, which might mean that looking at their wages at any one … Continued

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The Treasury has a point on living standards — but it ignores the role of inequality

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One of the big surprises in today’s Autumn Statement lies in the new OBR projections. Growth has been revised up as expected—at least in the short-term. But wage forecasts are down. Amazingly, after today’s largely positive economic news, the squeeze on wages is now going to be even longer than the OBR thought in March. The updates reflect … Continued

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