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The outlook for living standards and inequality
TAP: Health Equality seminar David Finch July 2017 @
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from past to present
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Strong employment growth since 2008
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With the greatest employment growth for lower income families
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A prolonged post-crisis pay squeeze…
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A prolonged post-crisis pay squeeze… …that has just returned
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Translating to the lowest decade of wage growth for 150 years
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The income recovery has started to weaken
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Incomes have recovered at the top and middle, while remaining broadly flat at the bottom
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the future
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Economic outlook: Real pay growth is set to remain weak
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Policy outlook: Some gains from higher wage floor & income tax cuts
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But big welfare cuts are yet to fully bite
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Leading to net losses for the poorest half of households
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Incomes outlook: Falling incomes in the poorest half of working-age households & rising inequality
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The outlook for living standards and inequality
TAP: Health Equality seminar David Finch July 2017 @
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