25th July 2011
In the Resolution Foundation's second report to the Commission on Living Standards Matthew Whittaker and Lee Savage explore who is receiving the fruits of growth and who is Missing Out. Workers in the bottom half of the earnings distribution have seen their fortunes decline significantly in the last thirty years.
Their share of GDP has fallen by a quarter, at the same time as the share going the top 1% of earners increased by half.
Missing Out reveals that in the last 30 years of each £100 of GDP:
• only £12 is paid as wages to the bottom half of earners, down from £16 in 1977
• £14 is paid to the top 10% of earners – more than the whole of the bottom half
• £3 is paid to the top 1% of earners, up from £2 in 1977
Other related Reports
Date: 23 January 2012 | Author: Matthew Whittaker
Date: 21 November 2011 | Author: Lane Kenworthy
Date: 28 October 2011 | Author: Jess Bailey
Date: 2 October 2011 | Author: Lee Savage
Date: 27 May 2011 | Author: James Plunkett
Date: 25 November 2010 | Author: Matthew Whittaker