The End of the Pay Rise?
British wages have fallen since 2008. Paul Johnson of the Institute of Fiscal Studies asks if they will ever pick up.
Something strange has been happening in the British economy. For over six years now, wages have fallen for most of us, which is unprecedented in British modern history. And despite the return of economic growth, wages still have not picked up.
What has happened? And crucially is this a long term problem - is this the end of the pay rise? Paul Johnson, director of the Institute for Fiscal Studies, explores the mystery of our falling wages and finds out how it is related to how productive we are, but also to how wages themselves are shared out between the top earners and the rest of us.
Producer: Estelle Doyle
Contributors:
** Nikki King, Honorary Chairman, Isuzu Trucks UK
** Andy Haldane, chief economist, Central Bank of England
** Jonathan Haskel, Professor of Economics, Imperial College Business School
** Paul Gregg, Professor of Economic and social policy, University of Bath
** Nick Crafts, Professor of Economic History, Warwick University
** Andrew Sentance, former member of Central Bank MPC
** Matt Whitaker, Chief Economist, Resolution Foundation
** Nicola Smith, Trade Union Congress
** Sarah Collyer, Peter Murphy, Hillary Rogers from Isuzu Trucks UK.
Last on
More episodes
Next
Escaping Credit Serfdom
Paul Mason asks whether the expansion of credit created a new form of worker exploitation
Making the Best of a Bad Job
David Goodhart asks whether too much stress on social mobility has demeaned ordinary jobs
Quantitative Easing: Miracle Cure or Dangerous Addiction?
Could QE lead to another economic crisis? Liam Halligan argues that it could.
Broadcasts
- Mon 14 Jul 2014 20:30Βι¶ΉΤΌΕΔ Radio 4
- Sun 20 Jul 2014 21:30Βι¶ΉΤΌΕΔ Radio 4
Featured in...
The Best of Analysis: Business and Finance—Analysis, Quantitative Easing: Miracle Cure or Dangerous Addiction?
A collection of programmes exploring issues from the world of business and finance
Podcast
-
Analysis
Programme examining the ideas and forces which shape public policy in Britain and abroad.