"More than 1m families with a household income below £30,000 are in extreme debt and ongoing wage stagnation is making the problem worse," the report says.
But Labour focused instead on the ongoing wage squeeze, stepping up its argument that Britain is in the grip of a "cost of living crisis".
The company and its labor unions provided very different accounts of how the dispute started on Wednesday amid ongoing wage negotiations and a demand by the union that the company rehire workers fired during last year's strike.
Let me cheat a little bit and assume that the probability of some coup happening that ends our relationship exogenously is the same probability of the coup happening and ending his ongoing wage exogenously, so we can use the same δ.
Ongoing wage inequity should be a thing that's in the past.
For while the Obama administration did not propose, ridiculously, to slash corporate taxes nor wage a savage attack on regulatory protections nor aim to hack away at vital government programs, it did preside over a period of record corporate profits amidst ongoing wage stagnation.
It also warns: "There is little prospect of real wage growth on average throughout this period and ongoing real wage cuts in the public sector".
Namely, their most enduring relationship may be as avatars of Australia's ongoing low-wage crisis.
Thus when the currency falls, a one-off jump in import prices tends not to result in ongoing price-wage spirals.
