CHAOSTOCOSMOS

Sunday, 13 January 2013

Why benefits shouldn’t rise faster (or slower) than earnings

With the current link to inflation which we’ve all been trying to defend, during times of growth benefits fall further and further behind earnings, increasing inequality. Then during hard times, benefits are meant to grow faster than earnings, providing an opportunity for the Right to pit people on low incomes against each other and pass populist attacks as they did this week.

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