Affiliation: 
National Institute of Economic and Social Research
Credentials: 
NIESR

Voting history

Towards a High-Wage, High-Productivity Economy

Question 2: What is your evaluation of the following statement: “A well-designed government-stipulated wage increase can lead to higher productivity”?

Answer:
Agree
Confidence level:
Very confident
Comment:
Productivity - average productivity that is - will inrease because workers whose real productivity falls below the new real wage level (adding on taxes, NI etc) will cease to be workers. Low productivity jobs will go, to be replaced by unemployed workers with a productivity of ...zero. Additionally, facing higher wages, firms may invest more to raiseproductivity.

Question 1: Which of the following statements most closely reflects your understanding of the relationship between productivity and wages.

Answer:
Wage increases can in some cases increase long-run productivity
Confidence level:
Very confident

Post-Covid Fiscal Rules for the UK

Question 3: Which of the following variables should fiscal rules target to best improve the performance of the UK macroeconomic policy going forward.

Answer:
Public deficit
Confidence level:
Extremely confident