Your English writing platform
Discover LudwigExact(19)
Economists highlighted the strain on consumer spending as the wage squeeze continues.
Recession and stagnation have led to a wage squeeze on a scale last seen by the Victorians.
In an interview with Politico's Glenn Thrush that month, he laid out the sort of campaign he could conduct, focussing on rising inequality and the wage squeeze.
A gummed-up banking system probably prevented the most productive firms from expanding, too.In a sense, the wage squeeze was welcome.
"But on top of the wage squeeze, the government has been making it worse with cuts to tax credits, the freeze in child benefit and a VAT hike.
In the UK and US, by cutting the purchasing power needed to buy the extra output being produced, the long wage squeeze has created consumer societies without consumers.
Similar(41)
Dorling argues that the UK's "overpopulation problem" is really the product of poor land use and social division, of corporate wage squeezes and cuts in state provision.
"This is being caused by government austerity measures which mean benefits and tax credits fail to keep pace with inflation, wage squeezes and freezes, and particularly high rises in price of food and energy – non-discretionary purchases which use up a disproportionate amount of a low-income household's budget".
Even taking into account the increase in the personal allowance and a small increase in child tax credits, the family is still projected to lose 19% of total income as the gains are offset by the wages squeeze and frozen child benefit.
Workers are seeing their wages squeezed and hard-won employment securities eroded".
Households and firms in Europe's periphery are overburdened with debt, workers' wages squeezed and banks in no mood to lend.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com