fall far behind the more affluent, warns Resolution Foundation thinktank
Millions of people on low-to-middle incomes face years of declining living
standards and are seeing their hopes of home ownership disappear, a major
report will conclude this week.
The study by the independent thinktank the Resolution Foundation questions
whether the new phenomenon of falling living standards and lower aspirations
will be reversed, even when the UK economy returns to robust health.
The report, entitled Growth Without Gain?, will suggest that those in the
"squeezed middle" are losing out in the post-boom era, as the highest earners
take more and more from the proceeds of limited growth and so-called "middle-
skilled" jobs are replaced by advancing technology.
As a result, the current generation of hard-working individuals is being left
dependent on lower-paid jobs in retail, hospitality and care and can no longer
expect, as their parents did, to see their living standards rise as output
expands.
Writing in the _Observer_, the thinktank's chief executive, Gavin Kelly, an
economist and former No 10 deputy chief of staff, says the assumption that
growth will trigger a return to an era of ...
Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/92195690?client_source=feed&format=rss
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