Who has won from austerity?

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Andy Haldane, Chief Economist at the Bank of England gave a speech at the TUC on Thursday. I was not there, but it was noticed widely in the media.

Attached to the PDF of the speech there were some charts which are telling. Like this one:

Screen Shot 2015-11-14 at 09.40.44

That's pretty clear indication of serious under employment.

And then there's this one:

Screen Shot 2015-11-14 at 09.43.17

Which is pretty clear indication of an increase in insecure employment, even with the caveat.

And lastly there is this:

Screen Shot 2015-11-14 at 09.38.43

Which makes it pretty clear that labour has lost out since 2009.

So who has won from austerity? Very clearly not those in employment.


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