“For all the talk of the pandemic (somehow) boosting worker power, it looks more likely to deliver the third real wage squeeze in a decade, and to leave workers substantially worse off than they would have been otherwise. By the end of 2024, average earnings are set to be £740 a year lower than they would have been if even the sluggish wage growth prior to the pandemic had continued.”
About Torsten Bell
Chief Executive of the Resolution Foundation. He has a background in economic policy, including inequality, the labour market, tax and beneﬁts, and housing and wealth. A former Director of Policy for the Labour Party, he also worked in the Treasury, as a member of the Council of Economic Advisers during the ﬁnancial crisis and as a civil servant.