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Rapid economic growth in the emerging worlds has placed downward pressure of manufacturing wages in the advanced world. With increasingly lower real interest rates putting upwards pressure on asset prices, these twin forces have the propensity to accelerate income inequality. What do the facts say?
In the commerce second lecture, trends in the labour market will be considered, examining patterns of unemployment, employment, hours worked and real wages. Do high participation rates in the labour market reflect represent economic progress or an economy mired in low-skill low-wages jobs?
Dickens' use of exaggeration is key to his style. But its use has myriad effects from making a character's disposition unmissable, to adding whimsy and humour.
A consideration of economic performance in terms of income and productivity growth, prior to and following the recession. We shall examine the so-called "productivity puzzle" and explore the possible explanations and solutions.