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In the 1980s, Ronald Reagan and Norman Tebbit both blamed the unemployed for being poor. But their beliefs no longer make any sense in a world of full employment.

The ‘supply-and-demand model of labor markets is fundamentally broken,’ and that’s why you’re not getting a pay raise anytime ...

Working is no longer a guaranteed way of getting ahead. Instead, it may keep you poor. You cannot get rich working for Uber. You cannot get rich working for Deliveroo.

UK ‘underemployment’ is worse now than during the financial crisis of 2008

At just 4.2%, unemployment in the UK is at its lowest level in decades. It should be the best of times.
Paul Donovan of UBS.

Millennials will be the richest generation ever, according to UBS — so perhaps they ought to stop complaining about the housing market

"There are fewer millennials than baby boomers. The concentration of wealth will increase, and fewer people will share the national wealth."
Lord Adair Turner.

ADAIR TURNER: Tech companies like Facebook may be contributing to the next credit crisis

Debt creation is a necessity in an economy where most people are not rich enough to buy the houses they need to live near the tech companies that employ them.
Oxford Street in London, the scene of many a minimum wage retail job.

Raising the minimum wage in Britain has been a huge benefit to workers — and employers are largely unharmed

The increases have "had a minimal impact to date on most big retailers' profits," according to a note from Morgan Stanley.

‘A housing catastrophe’: 4 charts show how millennials were priced out of Britain’s housing market

Millennials are being forced to live in smaller spaces, commute for longer, and wait on average until their 40s to buy a house.

New stats show unemployment in the UK is being replaced by chronic ‘underemployment’

Since 2002, the number of insecure, part-time, and under-paid jobs have increased, while official unemployment has declined to almost negligible levels.

Public sector employees already get paid more than other British workers, and it’s a source of inequality in the UK

A decade of austerity has left the average public sector worker better off than those in the private sector.

Britain’s economy is ‘broken,’ according to the Archbishop of Canterbury

"We are failing those who will grow up into a world where the gap between the richest and poorest parts of the country is significant and destabilising."