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Real wages and living standards have taken a hard hit in the UK in the recent past. Real wages of the typical (median) UK worker have fallen by almost 10% since 2008 and median family incomes have significantly fallen for working age households. This recent experience is weaker than in the...
Persistent link: https://www.econbiz.de/10011210543
The researchers note that there have been historically unprecedented falls in UK real wages since the start of the Great Recession. What's more, the long US experience of stagnant real wages (median real weekly earnings in the United States in 2013 were at about the same level as in 1979) might...
Persistent link: https://www.econbiz.de/10010765689
If successfully concluded, the Transatlantic Trade and Investment Partnership (TTIP) would be the most ambitious free trade agreement in history. Dennis Novy explains that while the potential benefits from liberalised transatlantic trade are large, getting there will be an arduous process and...
Persistent link: https://www.econbiz.de/10011123602