As wages stagnate but living costs keep rising, the pressure on
working people grows more intense. The issue of living standards
has become one of the most urgent challenges for politicians in
both Britain and America. 'The squeezed middle' brings together
experts from both sides of the Atlantic to ask what the UK can
learn from the US. American workers have not benefited from growth
for an entire generation - the average American worker earned no
more in 2009 than in 1975. Now British workers are undergoing a
similar experience. No longer can they assume that when the economy
grows their wages will grow with it. This collection brings
together for the first time leading economic and policy thinkers to
analyse the impact of different policies on those on low-to middle
incomes and to explain what lessons the UK can learn from America's
'lost generation'. This timely book is essential reading for
everyone concerned about the living standards crisis, an issue
which could decide elections as well as shaping the future for
millions of working families.
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