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For many years, the Social Fund supplied individuals regarding the cheapest incomes with no-interest loans in times during the need.

For many years, the Social Fund supplied individuals regarding the cheapest incomes with no-interest loans in times during the need.

This, alongside other socio-economic modifications, produced growing wage inequality and task insecurity.

The first seeds of the fundamental alterations in the labour market could be traced into the 1980s, whenever work legislation formalised the weakening of this trade unions plus the development of greater ‘flexibility’ when you look at the labour market (Resolution Foundation, 2013a). Incomes have actually fluctuated ever since then additionally the photo is complex nevertheless the primary trend has been for incomes in the centre to stagnate and people in the bottom to fall, producing the alleged ‘squeezed middle’ and ‘crushed bottom’ (Corlett and Whittaker, 2014; MacInnes et al., 2014). Continue reading „For many years, the Social Fund supplied individuals regarding the cheapest incomes with no-interest loans in times during the need.“