alan manning
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Alan Manning. Centre for Economic Performance LSE. Squeezed Middle, Rampant Rich. Not Much Anger, Distrust of Government. Need efficient state so Trade Unions need to show selfless not selfish side. Regulate labour market through individual rights- don’t prevent change. Conclusions. - PowerPoint PPT Presentation
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Alan Manning
Centre for Economic PerformanceLSE
Squeezed Middle, Rampant Rich1
.61
.82
2.2
2.4
1975 1980 1985 1990 1995 2000 2005 2010Year
Ratio of Median to 10th PercentileRatio of 90th Percentile to Median
Not Much Anger, Distrust of Government
Need efficient state so Trade Unions need to show selfless not selfish side
Regulate labour market through individual rights- don’t prevent change
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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