Gross Domestic Product per capita is widely used to gauge differences in living standards across countries. Higher levels of per capita output are generally found in more developed economies with advanced infrastructure, better health care and education systems, and higher levels of access to technologies and innovation. This article provides some additional perspective on the … Continue reading
More than five million people are officially classified as low paid and an increasing number of public sector workers are struggling to make ends meet, according to the New Economics Foundation (NEF) think-tank Continue reading
Britain faces a ‘living standards crisis’ as it was revealed that millions of families will never regain the losses they sustained during the financial crisis and recession. Average earnings have sunk to the level they were at 10 years ago as workers are squeezed by a toxic combination of pay freezes and hikes in the … Continue reading