The next meeting of Economists Against Austerity will have Prof. Engelbert Stockhammer (Kingston University), Prof. Ozlem Onaran (University of Greenwich), and Andrew Harrop (General Secretary of the Fabian Society) as the speakers on the strategies for a wage-led recovery.
The debate will build on the contributions of Prof. Stockhammer and Prof. Onaran in a recent edited book titled “Wage-Led Growth: An Equitable Strategy for Economic Recovery” (http://us.macmillan.com/wageledgrowth/MarcLavoie). The talk will present new empirical evidence regarding the causes and consequences of the falling wage share and rising inequality in income distribution. The authors argue that distributional shifts in favour of capital and the rise in income inequality have reduced economic growth and increased economic instability. The aim of the meeting is to discuss the policy strategies for a wage-led recovery that would alleviate the problems associated with the rising household debt needed to sustain consumption expenditures and with new mercantilist policies based on wage moderation. A rebalancing in favour of wages will be an essential element of equitable and sustainable growth. The debate will provide evidence on why “Britian needs a pay rise,” and how can we achieve it.
Wage-Led Growth: An Equitable Strategy for Economic Recovery
Portcullis House, Thatcher Room 6.30-8.30pm
The EAA network is growing in size but we always welcome new members. Please remember to tell colleagues who may be interested, and feel free to forward this invitation to them.
NB: Security at Parliament has been very slow recently. Please aim to arrive at 6pm for 6.30pm. Meetings are open to the public, no additional invitation necessary.
May 20 Dany Lang of Les Économistes Atterrés will speak on the European crisis and the solutions to it.
We look forward to seeing you at our meetings.
Prof Victoria Chick, Convenor EAA
Michael Burke, Secretary