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The squeezed middleThe pressure on ordinary workers in America and Britain$
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Sophia Parker

Print publication date: 2013

Print ISBN-13: 9781447308942

Published to Policy Press Scholarship Online: September 2013

DOI: 10.1332/policypress/9781447308942.001.0001

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The path to post-recession prosperity

The path to post-recession prosperity

Chapter:
(p.130) (p.131) 3.1 The path to post-recession prosperity
Source:
The squeezed middle
Author(s):

Tamara Draut

Publisher:
Policy Press
DOI:10.1332/policypress/9781447308942.003.0010

This chapter argues that the political response to the current recession must ensure that the return to growth results in broad-based prosperity that benefits all workers. The single-minded focus on deficit reduction in Britain and America alike fails to address the deeper crisis in living standards that goes back to well before the current downturn began. A plan for broad-based growth must include action to generate more revenue from taxation and to increase government spending on social and physical infrastructure. Investing more in education and childcare would both help employment and reduce inequality - stimulating growth in the long-run.

Keywords:   Living standards, Growth, Prosperity, Recession, Education, Childcare, Employment, Inequality

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