Just Deserts
Posted on 27 Mar 2014 Categories: Publications Related Tags: In Work Poverty, Labour Market, Living Standards, Smith Institute, Workplace Democracy
Poverty and income inequality: can workplace democracy make a difference?
Executive Summary
Workplace democracy and the structure of the UK’s labour market
- Profound structural weaknesses in the UK labour market have led to rising income inequality, the growth of in-work poverty and stagnant wages
- Living standards for those with incomes below the median have been squeezed since 2004. A major reason for this is low wage growth. Rising in-work poverty is responsible for increases in the payment of tax credits and in-work benefits to low-paid workers.
- Living standards for those with incomes below the median have been squeezed since 2004. A major reason for this is low wage growth. Rising in-work poverty is responsible for increases in the payment of tax credits and in-work benefits to low-paid workers.
- The evidence presented in this report demonstrates the relationship between workplace democracy and incomes. It shows how the erosion of institutions in the labour market that seek to achieve a fairer initial distribution of incomes (instruments of “pre-distribution”) have contributed to the rising tide of low pay, in-work poverty and income inequality
Just Deserts
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Posted on 27 Mar 2014 Categories: Publications Related Tags: In Work Poverty, Labour Market, Living Standards, Smith Institute, Workplace Democracy