Simon Radford blog:
Three to read
4 August 2016
The British people have suffered tremendously since the financial crisis. The real wages of the average person fell by about 10 per cent between 2007 and 2015. This is not about inequality - poor, middle and rich have all lost out. It has been the longest sustained fall in average pay since the Great Depression and it has made people very angry with the establishment - and rightly so. As LSE's Professor Stephen Machin, the new Director of the Centre for Economic Performance has shown, the areas with the biggest falls in average wages were the places most likely to vote for Brexit.
This article was published online on the Simon Radford blog on August 4, 2016
Link to article here
Related articles
Financial Times on June 23, 2016
UK areas with stagnant wages are most anti-EU
Related publications
Brexit and Wage Inequality, Brian Bell and Stephen Machin, CEP Brexit Blog, July 2016
Related links
Brian Bell webpage
Stephen Machin webpage
Growth Programme webpage
Labour Markets Programme webpage