Economists usually use real income per capita, e.g.,real GDP per capita to compare living standards on different countries. Thus the nationals of a country with a higher real GDP per head are likely to enjoy higher living standards than people living in a country with a lower real GDP per head. 1,102 more words
Tags » Living Standards
Labour has announced plans to raise the National Minimum Wage to £8 an hour by the end of the next Parliament.
This will ensure that those doing a hard day’s work are rewarded for doing so. 582 more words
This week the Labour Party gathers for its annual conference in Manchester – the last Conference before the May 2015 election.
The Conference certainly won’t see the launch of Labour’s manifesto. 711 more words
Taxes. Nobody likes them, nobody wants them, and they’re only considered good when they’re going one direction: down. But they are fundamentally necessary for any society to function. 1,332 more words