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Jennifer Smith

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Gender Female
Age 78
Date of birth July 13,1945
Zodiac sign Cancer
Born Portugal
NationalityPortuguese
Albums The Fairy Queen
Purcell : King Arthur [H...
Alcyone
Olivier Greif: Lettres d...
Rameau: Les Boréades
Songs 2001
List 2012
2001
Parents Steven J. "Steve" Smith
Harilyn Sue Neff
Siblings Jason Smith
Date of Reg.
Date of Upd.
ID1547175
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Jennifer Smith Life story


Jennifer Smith graduated from the Conservatório Nacional de Lisboa and went to London on a Gulbenkian scholarship. Her varied recording career includes opera and recital from baroque to modern.

Are workers getting a smaller slice of the cake?

Feb 16,2020 6:06 am

On Tuesday, Labour leader Jeremy Corbyn told the conference of the trade union umbrella body, the TUC: "For 40 Years the Share of the cake going to Workers has been getting smaller and smaller.

"In 1976, wages took over 64% of the Gdp - That figure is now only 54%. "

Wages as a proportion of, also known as the labour Share , is a broad measure of how much money is going to Workers as opposed to, for example, companies and their shareholders.

Mr Corbyn's figures on the labour Share are correct - But 1976 was hardly a representative year, as this chart shows, although it had also reached such levels in the 1950s and 1960S .

Wages as a proportion of Gdp Wages and salaries and self-employment income divided by GDPSource: ONS

The labour Share fell sharply after 1976 and reached a trough in the mid-1990s. It rose slightly in the early 2000s and has been pretty static since then.

"The labour Share has been falling over recent decades in many countries - though in the UK, perhaps surprisingly, it has been fairly constant in recent years," says Jennifer Smith , a labour market economist from Warwick University.

Indeed, research found That between 1970 and 2014, the labour Share in the UK had fallen by less than it had in any of The Other nine developed countries with which it was compared (Spain, Italy, Korea, USA, Japan, Australia, Canada, Germany and France).

But these international comparisons are not straightforward, in particular because of the challenges of self-employment income.

"There has been a long-term trend of a rising Share of self-employed Workers in the UK and there have, in The Past , been practical difficulties in including their income in the figures," Ruth Gregory , from Capital Economics, told Reality Check .

With self-employed Workers it is harder to make the distinction between Workers ' pay and company profits.

The Office for National Statistics has been looking into the and whether they account for The Fall in the labour Share .

if you properly account for housing income (That 's money made by landlords) and self-employment, the labour Share has been pretty constant in developed economies since 1980, with The Exception of the US.

Meanwhile, suggests The Falling labour Share is actually due to The Rise of what it calls "superstar firms" rather than less money going to Workers .



office for national statistics, reality check, pay, jeremy corbyn, trades union congress

Source of news: bbc.com

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