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The Poorest Pay The Price For Austerity: Workers Face Biggest Fall In Living Standards Since Victorian Era

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http://www.independent.co.uk/news/uk/politics/the-poorest-pay-the-price-for-austerity-workers-face-biggest-fall-in-living-standards-since-victorian-era-8991842.html

The biggest drop in living standards since the Victorian age is seeing low and middle earners suffering an unprecedented squeeze on their incomes as austerity measures continue to bite, with women and part-time workers disproportionately affected, research reveals today.

More than five million people are officially classified as low paid and an increasing number of public sector workers are struggling to make ends meet, according to the New Economics Foundation (NEF) think-tank.

It warned: “Workers on low and middle incomes are experiencing the biggest decline in their living standards since reliable records began in the mid-19th century.”

The NEF has calculated that the public sector now employs one million low-wage workers – double the previous estimate – with health and social care staff, classroom assistants and council employees trapped on small earnings.

Sales assistants and retail workers make up the largest group of low-paid workers in the private sector, with large numbers also working as waiters, bar staff and cashiers.

The study blames the continuing drop in disposable incomes on pay freezes and below-inflation rises, leading to wages steadily lagging behind prices.

Separate research by the Joseph Rowntree Foundation concluded yesterday that for the first time the number of working families living in poverty exceeds those without anyone in work.

Still as long as they have enough to buy a house that's all that matters. Got to prop up those property prices, we need govt action to allow 50 or 60 year mortgages to the low paid can become good debt slaves and buy a house they really can't afford. You know it makes sense to build an economy we can be proud off...

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Shouldn't be a problem for MPs, what with their 11% pay rises

Should leave them enough to pay the rest to educate their kids, clean their houses, do their gardening and cook their meals. ;)

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The only group whose living standards Osborne has actively defended have been Bankers and their Bonus's- he even made a special trip to Europe to head off attempts to limit them in the EU.

I for one sleep better at night knowing that the living standards of the people who matter are not under threat.

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Invisible recovery.

Yes there's more money in the ecomony. Because they're printing it.

Don't worry though... it'll start to trickle down any moment now (honest).

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http://www.theguardian.com/politics/2013/dec/09/no-gains-economic-recovery-tories-cut-labour-lead-icm-guardian-poll

Most people in Britain are still not feeling the benefit from economic recovery, even though the majority are finally convinced that the turnaround is under way, according to a Guardian/ICM poll.

An emphatic 70% of those surveyed maintain that the recovery is not benefitting them or their families, while only 26% say they have gained as the economy has improved, adding credence to Labour attacks over the cost of living.

No surprise, just MP's/elite Bankers get to feel the recovery.

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Funny, read a few articles lately (national and local press) that seem to use the Victorian period as some kind of comparative benchmark for modern times.

Truly delusional.

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