Analysis and action on living standards
The decline of youth home ownership
Covid-19 has had profound impacts on the way that we work. This report, part of the Economy 2030 Inquiry, considers recent labour market developments with an eye on the longer-term changes, and the resulting challenges for policy makers over the rest of this decade.
The Resolution Foundation is an independent think-tank focused on improving living standards for those on low to middle incomes. We work across a wide range of economic and social policy, combining our core purpose with a commitment to analytical rigour.
There is plenty to celebrate in today’s labour market data, but with workers set for a third period of falling real wages in a decade – and wider household incomes also on course to fall – it is clear that the Covid recovery is far from complete.
This report is the launch paper for the net zero strand of the Economy 2030 Inquiry, a joint project between the Resolution Foundation and the London School of Economics. It outlines how net zero can be placed at the centre of the UK’s economic strategy and the importance of the next decade in getting back on track to our climate targets, but doing so in a way that shares the costs and benefits of the transition fairly.
The Resolution Foundation calculates the real Living Wage – a voluntary hourly pay rate that is based on what families need to get by. The current national rate is:
Resolution Ventures exists to back innovative start-ups seeking to change the world of work for the better and early-stage ventures seeking to improve the prospects of low-to-middle income Britain.
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This year we update our analysis of income before Covid-19; assess how incomes are faring during the crisis; and consider factors that will have an important bearing on household incomes in the future.
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