| ID | 130943 |
| Title Proper | Britain's wages crisis |
| Other Title Information | is 'predistribution' or 'redistribution' the way forward? |
| Language | ENG |
| Author | Lansley, Stewart |
| Publication | 2014. |
| Summary / Abstract (Note) | Is 'predistribution' as championed by Ed Miliband, or old fashioned 'redistribution' as adopted, if stealthily, by Labour from 1997, the best way to create greater equality? Some critics have argued that a strategy of predistribution-aimed at closing the income gap before the application of taxes and benefits-would not work and that it will be necessary to rely mainly on redistribution. This article examines the potential impact of weak and more radical predistribution-style measures on one of the key drivers of inequality-'wage compression'. It examines the potential of a mix of policies for raising the wage floor. It argues that reliance on traditional redistribution would face its own set of constraints and that creating a more equal distribution of the cake, before taxes and benefits, is a necessary condition for lowering the risk of continuing economic crisis. |
| `In' analytical Note | Political Quarterly Vol.85, No.1; January-March 2014: p.3-9 |
| Journal Source | Political Quarterly Vol.85, No.1; January-March 2014: p.3-9 |
| Key Words | Distribution System ; Economic System ; Economic Crisis ; Financial Crisis ; Europe ; Britain ; United Kingdom - UK ; Radical Predistribution ; Traditional Redistribution ; Economic Strategy ; Taxation ; Wage Crisis ; Labour Problems |