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Financial Times:
Cameron wants wage rises to replace benefits

23 June 2015

Iain Duncan Smith, the welfare secretary, has exhorted companies to ''pay their full share'' of workers' remuneration rather than leaving it to the state to prop up incomes through tax credits. Professor Steve Machin, research director of the Centre for Economic Performance at the London School of Economics said there was no evidence demonstrating that social security payments to low-wage workers enabled companies to pay people less.

The article was printed by The Financial Times on June 23, 2015
Link to article here

Related publications
Real Wages and Living Standards, Stephen Machin, CEP 2015 Election Analyses Series, March 2015
CEP Real Wages Updates research series by David Blanchflower and Stephen Machin webpage

Related links
Stephen Machin webpage
Labour Markets Programme webpage

Read more... Financial Times