In Britain, workers face biggest fall in living standards since Victorian era
Source: The Independent
The biggest drop in living standards since the Victorian age is seeing low and middle earners suffering an unprecedented squeeze on their incomes as austerity measures continue to bite, with women and part-time workers disproportionately affected, research reveals today.
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.
It warned: “Workers on low and middle incomes are experiencing the biggest decline in their living standards since reliable records began in the mid-19th century.”
... The study blames the continuing drop in disposable incomes on pay freezes and below-inflation rises, leading to wages steadily lagging behind prices.
Read more: http://www.independent.co.uk/news/uk/politics/the-poorest-pay-the-price-for-austerity-workers-face-biggest-fall-in-living-standards-since-victorian-era-8991842.html
= new reply since forum marked as read
You're thinking too clearly, wanna dial it down a notch? 
