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Summary and Appraisal

Published online by Cambridge University Press:  26 March 2020

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Type
Articles
Information
National Institute Economic Review , Volume 61 , August 1972 , pp. 3 - 6
Copyright
Copyright © 1972 National Institute of Economic and Social Research

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References

Notes

page 4 note (1) The National Board for Prices and Incomes report on low pay (General Problems of Low Pay, Report no. 169, April 1971) comments on the difficulty of raising the position of the low-paid…. ‘The experience of this country and of others shows how difficult it is to improve low pay in relation to other pay … the relationship between weekly earnings at the median and at the lowest decile has remained constant for nearly a century … It is apparent from our statistics that what little improvement took place in the relative position of the low-paid in the earlier years of prices and incomes policy was later lost.’ (paras. 119 and 121).

page 5 note (1) Financial Times, 17 July 1972.