Living standards 'may stagnate without jobs boost'
Millions of poor and middle-income households may be bypassed by any economic recovery, a report says.
The Commission on Living Standards argues that their quality of life could stagnate for the next decade, ending no higher in 2020 than they were in 2000.
The commission, brought together by the Resolution Foundation think tank, blamed this prospect on the demise of administrative and manufacturing jobs in the UK economy.
Senior economist at the Resolution Foundation Matt Whittaker told BBC News that both pay and employment levels need to rise for living standards to improve.
31 Oct 2012
- From the section Business