{"id":43029,"date":"2018-09-07T08:43:42","date_gmt":"2018-09-07T07:43:42","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=43029"},"modified":"2018-09-07T08:43:42","modified_gmt":"2018-09-07T07:43:42","slug":"one-reason-why-the-total-labour-share-of-gdp-is-falling-has-to-do-with-pensions","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/09\/07\/one-reason-why-the-total-labour-share-of-gdp-is-falling-has-to-do-with-pensions\/","title":{"rendered":"One reason why the total labour share of GDP is falling has to do with pensions"},"content":{"rendered":"<p>I<a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2018\/09\/05\/working-people-are-being-shafted\/\" target=\"_blank\" rel=\"noopener\"> noted yesterday<\/a> how the labour share of GDP (our national income) is falling. Here's a reason why, <a href=\"https:\/\/www.tuc.org.uk\/blogs\/employer-pension-contributions-plummet-two-thirds-2011\" target=\"_blank\" rel=\"noopener\">from the TUC<\/a> this\u00a0morning:<\/p>\n<p><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2018\/09\/07\/one-reason-why-the-total-labour-share-of-gdp-is-falling-has-to-do-with-pensions\/screen-shot-2018-09-07-at-08-38-53\/\" rel=\"attachment wp-att-43030\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-43030\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/09\/Screen-Shot-2018-09-07-at-08.38.53-550x350.png\" alt=\"\" width=\"550\" height=\"350\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/09\/Screen-Shot-2018-09-07-at-08.38.53-550x350.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/09\/Screen-Shot-2018-09-07-at-08.38.53-472x300.png 472w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/09\/Screen-Shot-2018-09-07-at-08.38.53-768x488.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/09\/Screen-Shot-2018-09-07-at-08.38.53-600x382.png 600w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/09\/Screen-Shot-2018-09-07-at-08.38.53.png 1456w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>Not only have most employers given up final salary\u00a0pensions, they're now paying as little as possible into defined contribution schemes.<\/p>\n<p>The attack on labour rewards goes on.<\/p>\n<p>Which is why we need a growth in unionisation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I noted yesterday how the labour share of GDP (our national income) is falling. Here&#8217;s a reason why, from the TUC this\u00a0morning: Not only have<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/09\/07\/one-reason-why-the-total-labour-share-of-gdp-is-falling-has-to-do-with-pensions\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-43029","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/43029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=43029"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/43029\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=43029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=43029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=43029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}