After the longest fall in modern history, real wages have moved into positive terrain and appear to be turning the corner. Yet the outlook for wages – how strong and shared pay growth might be in the years ahead – remains highly uncertain. What emerges will shape not just what happens to living standards but also the fiscal position and wider political choices that will define the next parliament and beyond.
To foster informed debate about these challenges and the policies best placed to respond to them, the Resolution Foundation has brought together contributions from leading economists straddling the worlds of academia, policy research and journalism. Rather than simply diagnosing the problem, each contribution points to possible policy responses.
Visit the book’s microsite here to read individual essays.
The Great Wage Squeeze: recent pay trends and experiences
Rise, slowdown, collapse: what next for wage growth? by Gavin Kelly and Matthew Whittaker
Paying up: who’s been getting pay rises, who hasn’t, and will that change? by Abigail McKnight and Laura Gardiner
Kick-starting productivity: investment, management and skills
Beyond the degree delusion: apprenticeships, skills and wage growth by Baroness Alison Wolf
Pay, power and full employment: connecting wages to growth
Reconnecting growth and wages: lessons from the US debate by Jared Bernstein
All in it together? Pay among different groups
Second earner to primary breadwinner? Women’s wages and employment by Susan Harkness
Raising the floor: tackling the sharp end of the labour market
Making more of the minimum wage: what role can it play in tackling low pay? by Professor Sir George Bain and Conor D’Arcy
City limits: US city minimum wages and their relevance for the UK by Arindrajit Dube