Tag: wages
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The Vicious Circle of Inequality, Debt, Crisis, and Austerity
We are in a time of austerity. Public services are being cut, social benefits are being capped, and real wages are shrinking. In the last 5 years, the UK has gone through a big wage squeeze: real wages have declined by 5.5% since 2010, on par with countries such as Greece and Portugal. All these…
Alexandre Afonso 