nick venedi

Friday 22 February 2013

Cheap labour, low productivity trap

 

The recent fall in productivity could become a permanent feature of the UK economy unless we see a significant boost to demand and a return to growth, the TUC has warned in its latest economic report.
According to the study, weak demand as a result of stagnant wages is preventing higher productivity firms from hiring, and limiting employment growth to lower productivity sectors.
Summary details @
http://www.tuc.org.uk/economy/tuc-21892-f0.cfm

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