1. Insecurity, poverty and inequality: A temporary blip or here to stay?
30 May 2014, British Library, London
Dr Faiza Shaheen
New Economics Foundation
Want to look at the longer term trends
What’s happening to the underlying trends which drive insecurity etc?

2. About NEF Just to give you some background,
‘Economics as if people and the planet mattered’
Established after The Other Economic Summit (TOES) in 1984
Challenge mainstream thinking on banking, social policy, the environment, inequality, GDP…
Working to build an economic and social policy model that creates an economy based on social justice and environmental sustainability.

3. Economic inequality UK Gini coefficient for household income 1969-2010
Source: Luxembourg Income Study.

4. Falling wage share Wage share 1948-2010
Source: Landman Economics for TUC

5. The 1%
1% income share
Source: Top Incomes Database.

6. Since the recession
Market and disposable income inequality 2007 & 2010
Source: OECD

7. Since the recession
Insecurity – zero hour contracts

8. Child poverty Child poverty rates 1970-2020
Source: Child Poverty Action Group

9. Multiple deprivation
Percentage lacking three or more necessities 1983 & 2012
Source: Poverty & Social Exclusion Survey

10. Driver: Labour market polarisation
Growth in jobs across sectors
Zero contracts
Pay
Source: Resolution Foundation

11. Driver: Austerity/ welfare changes
The effect of tax and benefit reforms announced in the June 2010
Budget to be introduced by April 2014 by income decile group and household type
Source: IFS

12. Driver: Power

13. Driver: Unbalanced economy

14. Is it inevitable?
Zero contracts
Pay

15. Thank you!
@faizashaheen
@NEF