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. The US economy added 222,000 new jobs in June, reversing a worrying slowdown in jobs growth for Donald Trump but once again highlighting America’s low-wage economy. ... [Read full article on Guardian ]
Friday 7th of July 2017 12:53:33 PM
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....2m pot, although that included a £300,000 bonus for chief executive Nick Read. For the staff, in this low-wage area of the country, the prized annual bonus can be several thousand pounds, with many using the payment to fund their summer holiday. ... [Read full article on Guardian ]
Sunday 2nd of July 2017 03:55:28 PM
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Latest Finance News related to Low-wage

US jobs report shows sharp recovery in June but wage growth remains slow image
. The US economy added 222,000 new jobs in June, reversing a worrying slowdown in jobs growth for Donald Trump but once again highlighting America’s low-wage economy. ...
Nisa denies staff annual bonuses despite hitting performance targets image
....2m pot, although that included a £300,000 bonus for chief executive Nick Read. For the staff, in this low-wage area of the country, the prized annual bonus can be several thousand pounds, with many using the payment to fund their summer holiday. ...
Move by UK supermarkets threatens to bring Fairtrade crashing down image
Source : Guardian [Read Article] Saturday 24th of June 2017 11:02:13 PM
.... Free-market thinktanks including the Institute of Economic Affairs, claim it is a barrier to free trade, which they say has led to many millions of people emerging from poverty. Academics have shown that it sometimes fails to improve the lives of very low-wage workers, and journalists have exposed how some companies and producer groups can abuse it. ...
Big business leaders press Theresa May to rethink hard Brexit image
Source : Guardian [Read Article] Sunday 18th of June 2017 03:48:03 AM
....Meanwhile, British businesses have sounded the alarm over damaging labour shortages after Brexit, with thousands warning that they will be hurt by even a modest move away from the EU’s free movement rules. Almost a quarter of the business community say that restricting entry to Britain to EU migrants with a job offer would have a negative impact on them, rising to 30% of companies in low-wage industries. ...
Revealed: the Romanian site where Louis Vuitton makes its Italian shoes image
Source : Guardian [Read Article] Saturday 17th of June 2017 08:00:33 AM
.... At the other end is the Somarest factory. LVMH established its first plant here in 2002 to make the most of Romania’s low-wage labour. ...
Tory plans mean no one will be left to build homes | Michael Thirkettle image
....1 million construction workers in the UK come from abroad, mainly from the EU. These high-skilled tradesmen and women are far removed from the stereotype of the unskilled, low-wage worker undercutting British employees’ conditions and wages. ...
Forget Brexit, the real challenge is creating enough wealth for an ageing population image
.... Work by Steve Fothergill and Christina Beatty at Sheffield Hallam University has shown how the UK’s old manufacturing heartlands have never really recovered from the deindustrialisation of the 1980s and, to make matters worse, have been at the sharp end of the welfare cuts introduced since 2010. The unemployment rate has come down but the jobs that have been created have tended to be in low-wage sectors such as distribution and call centres. ...
The Guardian view on productivity: Britain must solve the puzzle | Editorial image
.... The economy has been growing, if at times falteringly, for more than seven years, and there should have been a sustained productivity improvement by now. That there hasn’t been one shows a dark side to record employment levels: too many of the jobs being created are low-wage and low-skill. ...
Up to 100,000 UK jobs at risk as Merkel and Juncker ally warns on euro clearing image
....“We need to know immediately from the government what its strategy is to protect jobs in the finance sector, because all we have witnessed so far is silent bewilderment. “Labour will fight for a Brexit that works for everyone, unlike the hard-right Tory elite who want a low-wage, tax-haven, bargain-basement economy. ...
The UK must not let this Brexit crisis go to waste. Nor must the EU image
Source : Guardian [Read Article] Friday 31st of March 2017 01:53:07 PM
.... The latest balance of payments figures show that Britain runs a deficit with the EU, but a surplus with the rest of the world. The second assumption is that membership of the EU is all that stands between the thriving Britain of today and the low-wage tax haven of tomorrow. ...
Protesters target Connecticut's uber wealthy with 'tax bills' in bid to end loophole image
....At Hill Road, close to Alpha Drive (a dead end, the sign informs us), protesters left a $1bn bill for William Macaulay, boss of energy investor First Reserve Corporation, and another $837m-plus bill at the guardhouse of Ray Dalio’s mansion. Dalio, boss of Bridgewater Associates – which owns bits of many of the US’s low-wage employers, including Walmart and Yum Brands, which owns Kentucky Fried Chicken and Taco Bell – lives in a gated community. ...
If big business is to thrive, it needs a strong welfare state | Phil McDuff image
....The chancellor, Philip Hammond, berated Labour during his budget speech for wanting to “saddle our children and burden our future”, but young people who entered the jobs market in 2010 will be in their mid-to-late 30s before austerity is projected to end. It’s not “protecting our children’s future” to keep them in low-waged, precarious work from 18 to 38. ...
Driverless cars 'could lead to complacency' image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:00:42 AM
.... The European Commission-funded Safe Road Trains for the Environment (SARTRE) has already trialled platooning on three motorway routes in northern Europe. But - automation might lead to the loss of many jobs in the transportation sector, notably in low-wage positions such as taxi and bus drivers. ...
Senate votes to repeal labor protection laws that safeguarded poultry workers image
. The Trump administration and Senate Republicans rolled back labor protection laws on Monday in a pair of moves that labor advocates predict will chill complaints by vulnerable workers, especially in the low-wage food processing industry, which relies heavily on easily exploited undocumented laborers. ...
Cobbling together: the Brooklynites who gather to make handcrafted shoes image
Source : Guardian [Read Article] Sunday 19th of February 2017 12:00:07 PM
.... “He gets them resoled over and over,” Wahal tells me, leaning in closer. Ultimately, Hirosue wants to see a change in how the US manufactures shoes, with prototypes made locally at collectives like hers instead of being packaged off to China or other countries that supply overseas low-wage labor to the fashion market. ...
Trump didn’t kill TPP, the people did | Owen Jones image
Source : Guardian [Read Article] Tuesday 24th of January 2017 09:39:47 AM
.... The president is committed to reducing taxes on big business and stripping away so-called “regulations” that protect workers and consumers. Trump may oppose treaties like TPP, but he blends xenophobia with the promotion of a low-wage, insecure economy. ...
Bleak trend of low, part-time wages in UK is revealed image
Source : Guardian [Read Article] Friday 13th of January 2017 06:01:09 AM
....Meanwhile the proportion of middle and high–wage men working part-time remains low at less than 1 in 20, which the thinktank said showed that earnings inequality among men had risen significantly over a single generation. Jonathan Cribb, an IFS economist, said: “The number of low-wage men working part time has increased sharply over the past 20 years. ...
Jeremy Corbyn suggests maximum earnings limit image
Source : BBC [Read Article] Tuesday 10th of January 2017 09:32:25 AM
....On Europe, Mr Corbyn attacked the government's lack of clarity over its negotiating objectives and said while there was no doubt that Brexit would happen, the UK must continue to have a close trading relationship with the EU after its exit. "What we don't want to do is turn Britain into a bargain basement economy on the shores of Europe where we continuously reduce corporation taxation, encourage a low-wage economy," he said. ...
What’s wrong with spending your benefits on prosecco? Nothing | Phil McDuff image
.... It pits those in work against the competition of those doing the rounds, photocopied CVs in hand, between every employer in town. The sub-inflation pay rises, wage theft and abusive conditions that plague many of the low-waged precariat – many of whom need to access the benefits system themselves to afford heat and shelter – must be endured without complaint or resistance because to do so would mark you out as a troublemaker who should be replaced from the swollen pool of reserve labour. ...
Dhaka's Dickensian workhouses should shame us all image
Source : Guardian [Read Article] Sunday 18th of December 2016 04:00:03 PM
....But globalisation is a two-way street. At one end there’s the factory worker thrown on the scrapheap because it is cheaper to outsource production to a low-wage country. ...
Our problem isn’t robots, it’s​ ​the​ ​low-wage car-wash economy | Paul Mason image
.... Third we have to redistribute wealth downwards instead of upwards. If Theresa May’s government was actually listening to Carney (instead of trying to undermine him as in reality), they should scrap Philip Hammond’s austerity targets, raise tax revenues, shut down tax havens and take decisive measures to end the creation of low-wage, low-productive jobs. ...
Andrew Puzder criticized as 'cruel and baffling' choice for labor secretary image
Source : Guardian [Read Article] Thursday 8th of December 2016 09:32:44 PM
....“Andy will fight to make American workers safer and more prosperous by enforcing fair occupational safety standards and ensuring workers receive the benefits they deserve, and he will save small businesses from the crushing burdens of unnecessary regulations that are stunting job growth and suppressing wages,” Trump said. But in a forceful indictment of Puzder’s credentials, New York attorney general Eric Schneiderman said that under Puzder, CKE “stole” from low-wage workers. ...
Credit score 'catch-22 pushes millennials towards payday loans' image
Source : Guardian [Read Article] Sunday 20th of November 2016 04:47:44 PM
....Carl Packman, Toynbee Hall’s research manager, said young people were finding it difficult to access mainstream finance that helps to build their credit score. “With few choices, and the pressures of low-wage jobs and increased insecurity, borrowing money out of necessity can only be done through alternative finance like payday lenders or friends and family, and not everyone has the luxury of the latter,” he said. ...
Global trade image
Source : BBC [Read Article] Tuesday 4th of October 2016 11:22:43 PM
....". Those "plausible narratives" include the idea that some workers have lost jobs or seen their incomes fail to rise because of low-wage competition in emerging economies, or at home in the shape of immigrant labour. ...
Living wage has positive impact on care industry, research shows image
Source : Guardian [Read Article] Monday 29th of August 2016 11:01:14 PM
. The worst fears about the impact of the national living wage on social care businesses have been confounded by research suggesting it has had a remarkably positive effect on pay rates in the traditionally low-wage sector. ...
US jobs growth beats forecasts in July image
Source : BBC [Read Article] Friday 5th of August 2016 01:28:43 PM
.... . The research found high-wage and low-wage jobs were both expected to grow by 5%, but the number of middle-income jobs was expected to rise by just 3%. ...
Fight for $15 image
Source : BBC [Read Article] Wednesday 22nd of June 2016 12:54:29 AM
.... . His main criticism is that higher minimum wages do very little to help the poorest in society, because many minimum wage workers aren't actually poor, but are using low-wage jobs to access the labour market. ...
Ex-McDonald's CEO suggests replacing employees with robots amid protests image
. As thousands of low-wage workers plan to protest at McDonald’s annual shareholder meeting in Chicago on Thursday the company’s former US boss has warned them: if the minimum wage goes up, McDonald’s is likely to replace them with robots. ...
Steel jobs 'can be saved by tech' image
Source : BBC [Read Article] Friday 15th of April 2016 06:40:55 AM
....Prof Allwood said the steel market would continue to grow - but all future demand growth could be met by recycling the existing stock of steel. And it was, therefore, futile for the UK to attempt to compete against low-wage economies for mass market steel. ...
Universal credit cuts to lose low-income families up to £200 a month image
Source : Guardian [Read Article] Sunday 10th of April 2016 01:27:07 PM
....The cuts stem from changes in the work allowance unveiled by the chancellor, George Osborne, in his summer budget a year ago. These drastically reduced the amount people can earn before low-wage top-ups are withdrawn at the rate of 65p per £1 earned. ...
The steel crisis shows Britain has given up on industry. But it doesn’t have to | Bryan Gould image
....On the few occasions that the matter is raised, we are given reassuring answers. We can’t compete in manufacturing against low-cost, low-wage competitors, we are told – so how come the Germans can, and that some of those “low-cost” economies now enjoy higher living standards than our own?. ...
Middle class cash-in-hand employers 'unlikely to pay minimum wage' image
Source : Guardian [Read Article] Friday 1st of April 2016 05:00:04 AM
.... However, the large majority of workers who operate in the informal economy earn less than the existing minimum wage and will not be covered. They typically work in low-wage businesses, including agricultural day labour and domestic services. ...
The rebranded minimum wage is still not enough to live on | Gavin Kelly image
Source : Guardian [Read Article] Wednesday 30th of March 2016 11:39:05 AM
....On 1 April, 1. 8 million of Britain’s low-wage workers are getting a pay rise as the legal wage floor jumps from £6. ...
Self-driving cars to hospital robots: automation will change life and work image
Source : Guardian [Read Article] Wednesday 30th of March 2016 04:00:21 AM
.... She pointed out that using robots on production lines has created a whole new raft of jobs to maintain and service them, rather than leading to job losses, while also potentially freeing workers from more boring tasks. She thinks the UK’s low-wage economy is holding back automation at present, as it is cheaper to employ workers than invest in expensive machinery. ...
I’ve found the key to Britain’s recovery: an orange shed in Shanktown | Aditya Chakrabortty image
.... In Edmonton, a suburb of north London normally in the headlines for yet another stabbing or mini-riot, here was a bit of good news. In an industrial hub where the factories had long ago turned into warehouses and gigantic superstores offering low-wage jobs, here were people once again actually making something. ...
George Osborne is unfit to hold office | John McDonnell image
Source : Guardian [Read Article] Wednesday 23rd of March 2016 01:32:38 PM
.... This is a domestic issue for which Osborne must take responsibility. He has presided over a low-wage, low-productivity, low-investment recovery that is built on sand. ...
Good news: overtime pay may finally be coming to a paycheck near you image
Source : Guardian [Read Article] Tuesday 15th of March 2016 01:37:09 PM
....The new overtime rule has been a long time coming. Two years ago, in March 2014, Barack Obama first instructed the US Labor Department to devise the new rules that would allow workers other than deli managers, cooks and other low-wage workers to earn overtime pay. ...
OECD's calls for less austerity means common sense has prevailed image
Source : Guardian [Read Article] Thursday 18th of February 2016 02:48:36 PM
....The coordination is needed because if one country goes for growth on its own, the extra spending can go on imports without a boost to exports, leading to a balance of payments deficit. The better growth story can also act as a magnet for economic migrants, causing social problems and – without strong labour market protections – help foster a low-wage, low-productivity economy. ...
Brexit threatens rights to maternity leave and paid holiday, says TUC chief image
Source : Guardian [Read Article] Wednesday 17th of February 2016 04:37:40 PM
....”. In his state-of the-union speech last year, Juncker called for a fairer European labour market, with an end to “social dumping”, the practice of importing low-wage workers to dilute pay and conditions. ...
Why UK wages aren't growing in line with jobs image
Source : Guardian [Read Article] Wednesday 17th of February 2016 01:51:04 PM
....Governments of both left and right have repeatedly claimed to be creating an economy awash with challenging, highly remunerated jobs. Instead, Britain specialises in low-wage, low-skill, low-productivity jobs. ...
UK living standards return to pre-financial crash levels image
Source : Guardian [Read Article] Monday 15th of February 2016 10:00:07 PM
....”. Real incomes came under severe pressure during and after Britain’s most severe post-war economic downturn, with weak growth, low-wage settlements and high inflation making individuals worse off. ...
Liverpool tech startups out to prove there's life outside of Shoreditch image
Source : Guardian [Read Article] Tuesday 9th of February 2016 06:00:12 AM
....With such disparities in wealth and income, some believe the government should be doing more to encourage digital firms in order to help bridge the gaping north-south divide. The latest Centre for Cities study classifies 29 of 63 cities in the UK as having low-wage, high-welfare economies – including Liverpool. ...
Barack Obama hails economic successes as unemployment rate drops below 5% image
.... “They’re angry because they’re working longer hours for lower wages. “They’re angry because their jobs have left this country and gone to China or other low-wage countries. ...
The economy isn’t working. This could be Labour’s chance | Stewart Wood image
Source : Guardian [Read Article] Thursday 28th of January 2016 12:35:35 PM
.... Our track record in skills, R&D and innovation is relatively poor across the economy as a whole. Our long tail of low-wage, low-skill jobs is wrapped up in a decades-long productivity problem that has got worse not better since the crash. ...
Whatever happened to the 'march of the makers'? image
Source : BBC [Read Article] Thursday 28th of January 2016 12:01:04 AM
....There have also been competitive challenges, from other rich countries and lower-cost challengers. Steven Fothergill and Tony Gore of Sheffield Hallam University wrote: "In the face of competition from low-wage economies such as China, for the vast majority of UK manufacturing there has simply been no alternative to going down the high-value route. ...
McMuffins to the rescue? McDonald's sales jump as breakfast offered all day image
.... The National Labor Relations Board is currently hearing a case arguing workers at its franchise operations are employed by McDonald’s, and not just the franchisees. A ruling in favor of the case, backed by low-wage pressure groups and unions, would make it easier for workers to unionize and to force McDonald’s to negotiate over a rise in the minimum wage at franchised restaurants. ...
Northern cities head list of UK's low-wage, high-welfare economies image
Source : Guardian [Read Article] Monday 25th of January 2016 12:01:04 AM
. Almost half of the UK’s biggest cities have low-wage, high-welfare economies, according to a healthcheck on urban Britain that underscores the challenges for the government’s benefit-cutting agenda. ...
Why the falling oil price may not lead to boom image
Source : Guardian [Read Article] Sunday 17th of January 2016 10:59:04 AM
UK set for worst wage growth since the 1920s, Labour research finds image
Source : Guardian [Read Article] Sunday 3rd of January 2016 07:58:53 PM
....“Even with this year’s increase in the minimum wage, the Tories will have overseen the slowest pay growth in a century and the third slowest since the 1860s,” he said. George Osborne has justified cuts to in-work benefits by arguing that the government is transitioning the UK from being “a low-wage, high-welfare economy to a high-wage, low-welfare economy”, a claim that Smith said was contradicted by wage-growth figures. ...
Sports Direct is a reflection of the modern British economy | Letters image
Source : Guardian [Read Article] Friday 11th of December 2015 06:20:23 PM
....Dr Kenneth SpencerHull. • I find it surprising, no, astonishing that the Guardian can publish an entire editorial about the low-wage, no-workers-rights economy and not once mention trade unions. ...
Autumn Statement: George Osborne's speech in full image
Source : Telegraph [Read Article] Wednesday 25th of November 2015 03:27:09 PM
.... Today, the forecast I present shows that after the longest period of rising debt in our modern history – this year our debt will fall and keep falling in every year that follows. We promised to move Britain from being a high-welfare, low-wage economy to a lower welfare, higher wage economy. ...
Tax credit cuts are Osborne's poll tax, says Gordon Brown image
Source : Guardian [Read Article] Wednesday 11th of November 2015 04:02:54 PM
....Priti Patel, the employment minister, said Osborne had been very clear that he would announce his plans in the autumn statement on 25 November and should be entitled to reflect on the criticisms that have been made. She stressed that Osborne would set out a phased transitionfrom a low-wage, high-welfare economy to a high-wage, low-welfare economy. ...
Fight for $15 targets politicians in bid to take minimum wage to the ballot box image
....Bernie Sanders, the Vermont senator and 2016 Democratic presidential candidate who also supports raising the federal minimum wage to $15 an hour, was slated to join the picket line outside the US Capitol on Tuesday morning. “US government shouldn’t be America’s leading low-wage job creator,” said Sanders, speaking to a crowd of contract workers who cook and clean for the US government. ...
Exporters: don't overlook eastern Europe image
Source : Guardian [Read Article] Friday 6th of November 2015 08:24:51 AM
....The rising value of trade comes as no surprise to Rowan Crozier, CEO of Brandauer, which makes precision parts in the UK which are then put into consumer goods that are manufactured across emerging Europe, most notably in the Czech Republic, Hungary and Slovakia. “The region’s been a comparatively low-wage area and so it’s had a strong manufacturing base for many years,” he says. ...
TPP trade deal: text published online image
Source : Guardian [Read Article] Thursday 5th of November 2015 11:06:42 AM
....The accord must be signed and ratified by the respective countries and many may experience difficulties, not least in the US as it tries to convince a sceptical Congress. Lawmakers in the US have questioned whether it will help US exports and create jobs or just expose more American workers to low-wage competition, giving multinational corporations excessive power. ...
Private sector pay rising at fastest rate for 14 years, says thinktank image
Source : Guardian [Read Article] Sunday 11th of October 2015 11:01:01 PM
....”. Economists, including the Bank of England deputy governor, Ben Broadbent, have blamed recent weakness in wage growth partly on the make-up of the workforce, with a disproportionate number of new jobs since the crisis created in low-skilled, low-wage sectors such as hospitality and retail. ...
Will Lidl’s living wage smash the UK’s low-pay cartel? | Aditya Chakrabortty image
....Writing at the end of 2006, David Metcalf, a professor of industrial relations at the LSE and an expert on labour markets, cited over 25 British studies of its impact. “The conclusions are clear-cut – the minimum wage has not had an adverse impact on jobs … Those workplaces with a high fraction of low-wage workers in 1998 have had similar employment growth to workplaces with just a few, or no, low-paid employees. ...
Google-backed San Francisco nonprofit offers showers for the homeless image
Source : Guardian [Read Article] Wednesday 9th of September 2015 05:41:12 PM
.... (New York, once the leader, is now behind with an average rent of $3,100). Highly paid tech workers have been blamed for flooding the city and driving up already-high rents, pricing out low-wage workers and increasing evictions by 115% this past year. ...
Whitbread living wage warning raises fear of price rises and job cuts image
Source : Guardian [Read Article] Tuesday 8th of September 2015 06:52:12 PM
.... “The independent OBR expects the national living wage to give a direct boost in wages for 2. 7 million low-wage workers, with up to 6 million seeing their pay rise as the knock-on effects are felt higher up the earnings scale. ...
UK living wage increase set to benefit more than 3m women image
Source : Guardian [Read Article] Wednesday 2nd of September 2015 11:00:13 PM
....More than three and a half million women – almost 30% of the female workforce – are set to receive a pay rise as a result of George Osborne’s “national living wage”, research has found. The tendency for women to be in low-wage jobs means that they will receive 61% of the benefits of the minimum wage rise for the over-25s, which formed the centrepiece of Obsorne’s budget. ...
'Dr Evil' says a $15 minimum wage will create high school dropouts image
Source : Guardian [Read Article] Wednesday 2nd of September 2015 11:00:08 AM
....Teenagers, however, represent only a fraction of workers who would benefit from a higher minimum wage, argue proponents of increasing the federally mandated minimum. “That ad simply displays employers’ contempt for their low-wage workers, portraying them as young workers not needing to feed their families,” Lawrence Mishel told the Guardian. ...
Osborne calls for more village homes image
Source : BBC [Read Article] Thursday 20th of August 2015 04:54:25 AM
...."However, the proposals risk alienating local communities and reducing the amount of affordable housing in rural areas. The government's suggestion that young families will be able to afford houses at even 20% discount will not ring true in many low-waged rural economies. ...
China's currency devaluation could spark 'tidal wave of deflation' image
Source : Guardian [Read Article] Wednesday 12th of August 2015 02:08:46 PM
....Edwards argues that instead of pushing up rates, central banks in the west should be preparing themselves to ward off a deflationary slump. In the period running up to the financial crisis of 2008, which became known as the “Great Moderation”, inflation in the west was kept under control by the influx of cheap commodities and consumer goods from China and other low-wage economies. ...
How do you change pay inequality when the people who could don’t care? image
Source : Independent [Read Article] Saturday 8th of August 2015 12:28:16 AM
.... According to data compiled by Glassdoor, the job-search website, average paid leave for the American worker is 16 days per year – but a quarter don’t take all of it and 15 per cent take none at all. For low-wage Americans, it’s far worse. ...
New York City airport subcontractors to strike on Wednesday for living wage image
.... “We are standing with you. In New York and in our airport, the time is now to tackle the worst-in-the-nation inequality crisis by raising wages for low-wage workers. ...
Cameron must work hard to engineer pay equality image
Source : Guardian [Read Article] Sunday 19th of July 2015 08:00:09 AM
.... “Concern over the use of zero-hours contracts has subsided,” they told investors in Sports Direct last week. Whether or not a future Labour leader makes this a campaigning matter, the inequities of excessive and aggressive low-wage employment are now so acute they cannot be ignored. ...
Majority of poor children live in working families, IFS study finds image
Source : Guardian [Read Article] Wednesday 15th of July 2015 11:00:12 PM
....A government spokesperson said: “Work remains the best route out of poverty and we want to ensure that when people go out to work they are paid a decent wage and get to keep more of what they earn. “That is why we have introduced a new national living wage and are increasing tax thresholds so Britain can move from a low-wage, high-tax and high-welfare economy to a higher wage, lower tax and lower welfare society. ...
Budget 2015: the verdict from our columnists | The panel image
Source : Guardian [Read Article] Wednesday 8th of July 2015 02:10:26 PM
.... There’s trouble ahead. But the immediate result is to leave Labour floundering, its critique of the Tories as providers of low-wage dead-end jobs in pieces; and there were just enough unexpected moves – curbing the buy-to-let boom by reducing landlords’ tax relief, ending permanent non-dom status – to keep things unpredictable. ...
Budget 2015: George Osborne's speech in full image
Source : Telegraph [Read Article] Wednesday 8th of July 2015 12:45:59 PM
.... . A Budget that sets out a plan for Britain for the next five years to keep moving us from a low-wage, high-tax, high-welfare economy; to the higher wage, lower tax, lower welfare country we intend to create. ...
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Cameron to hint at assault on tax credits in welfare speech image
Source : Guardian [Read Article] Monday 22nd of June 2015 08:24:13 AM
....The prime minister will make the comments in a speech in Runcorn on Monday morning just weeks before George Osborne, the chancellor, sets out £12bn of welfare cuts, seeking to justify them in terms of both reducing the deficit and the need for further changes to incentivise work. In his speech on “opportunity”, Cameron will say Britain needs to move from a “low-wage, high-tax, high-welfare society to a higher wage, lower tax, lower welfare society”. ...
Lost jobs? Deficits? Not so fast – trade agreements are still a roll of the dice image
....All the participants in these high-stakes congressional battles argue that they have based their positions on what they believe is in the best interests of ordinary Americans. The president pitches TPP as a win-win: US companies will find new export markets, he argues, while export-dependent countries like Vietnam end up paying higher wages than average (the treaty also contains new labor standards that Vietnam and other low-wage countries would have to abide by). ...
Low oil prices force Oklahoma drilling workers to seek out new livelihoods image
....“Don’t I know it,” Mike said. Gillham bounced between a series of low-wage jobs after high school, never staying long in any of them. ...
McDonald's taps ex-Obama spokesman to be grilled about image makeover image
.... The sales slump has coincided with McDonald’s employees taking to the streets on multiple occasions to protest for better wages and the right to unionize. As Fight for $15, as the movement is known, has grown into one of the largest protests by US low-wage workers, McDonald’s pay has come under scrutiny. ...
Austerity isn’t ‘good housekeeping’: it’s dogmatic, risky and unjust image
.... Osborne has repeatedly said his cuts plan will involve a £12bn reduction in the welfare bill. Since pensioners are protected, and out-of-work benefits are a relatively small part of the £250bn social security budget, much of the burden is likely to fall on low-wage workers and their children – through reductions in tax credits or housing benefit, for example. ...
As the UK has discovered, there is no postindustrial promised land image
Source : Guardian [Read Article] Monday 18th of May 2015 12:25:47 PM
....For Scots, perhaps the most obvious evidence of postindustrialism’s fallacies is in how the global shipbuilding industry has developed. As the Clydebank shipyards were closing a generation ago, Scots were told the industry was migrating to low-wage states and nothing could be done about it. ...

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