One reason why the total labour share of GDP is falling has to do with pensions

Posted on

I noted yesterday how the labour share of GDP (our national income) is falling. Here's a reason why, from the TUC this morning:

Not only have most employers given up final salary pensions, they're now paying as little as possible into defined contribution schemes.

The attack on labour rewards goes on.

Which is why we need a growth in unionisation.


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here:

  • Richard Murphy

    Read more about me

  • Support This Site

    If you like what I do please support me on Ko-fi using credit or debit card or PayPal

  • Archives

  • Categories

  • Taxing wealth report 2024

  • Newsletter signup

    Get a daily email of my blog posts.

    Please wait...

    Thank you for sign up!

  • Podcast

  • Follow me

    LinkedIn

    LinkedIn

    Mastodon

    @RichardJMurphy

    BlueSky

    @richardjmurphy.bsky.social