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Low unemployment and longer hours

Graham Watson

18th November 2019

Larry Elliott's latest article is a real tour de force, looking at the ongoing conundrum of the UK labour market.

Why is it that when unemployment so low, there's been no post-financial crisis recovery of wages?

To answer this he cites the latest Resolution Foundation research which has a number of explanations of this, with the most obvious being that more people are working, with people working longer hours and more women participating in the labour force, largely as a result of households trying to protect their real incomes. It is a typically excellent read.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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