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Navigating Economic Challenges: Middle Class Squeeze and Wealth Disparity

This analysis from the Alan Manning Centre for Economic Performance at LSE examines the challenges faced by the squeezed middle class amidst rampant wealth disparity. It highlights the importance of an efficient state and the need for trade unions to demonstrate a selfless approach. Advocating for regulations in the labor market through individual rights, the report emphasizes the need to embrace change rather than resist it. Conclusions include the urgency of addressing the middle-class squeeze, adopting robust policies towards the wealthy, and collaborating with trade unions for efficient public services while being cautious. It advises against preventing change but rather focusing on mitigating its impacts.

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Navigating Economic Challenges: Middle Class Squeeze and Wealth Disparity

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Presentation Transcript

  1. Alan Manning Centre for Economic Performance LSE

  2. Squeezed Middle, Rampant Rich

  3. Not Much Anger, Distrust of Government

  4. Need efficient state so Trade Unions need to show selfless not selfish side

  5. Regulate labour market through individual rights- don’t prevent change

  6. Conclusions • Squeeze on middle, not time for redistribution to poorest • Generate more anger about rich, robust policy towards them • Work with trade unions to protect efficient public services but be wary of them • Don’t attempt to prevent change, mitigate its consequences

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