"This in-depth study looks for the first time at the possible options for applying a maximum wage cap and the benefits it could create for lower and middle income earners. Britain operates a starkly unequal labour market (the 9th most unequal in the OECD), and the Covid pandemic is revealing its true extent. As the UK economy buckles and growth crawls to a halt, the government – and business leaders – need to consider mechanisms by which existing cash in the labour market can be more equally distributed, so as to save livelihoods and industries. Wage caps are a powerful instrument to do this. ..."
"This in-depth study looks for the first time at the possible options for applying a maximum wage cap and the benefits it could create for lower and middle income earners. Britain operates a starkly unequal labour market (the 9th most unequal in the OECD), and the Covid pandemic is revealing its true extent. As the UK economy buckles and growth crawls to a halt, the government – and business leaders – need to consider mechanisms by which ...
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