Topic Videos
The Wage Phillips Curve
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 29 Dec 2017
Standard textbook economics suggests that, once unemployment falls below the natural rate, we expect to see a pick up in wage growth and labour cost pressures that might trigger accelerating inflation. New data from the Bank of England finds that wage growth has been weak relative to the unemployment rat. How much further can UK unemployment fall before the orthodox wage Phillips Curve re-emerges?
You might also like
Stiglitz on Falling Living Standards in the UK
24th May 2015
Taking Europe's Pulse
16th October 2015
Should the UK Government support the British Steel Industry?
12th April 2016
Chronically low employment rates for Greek graduates
24th August 2016
Regional Economic Data for the UK
22nd August 2017
tutor2u UK Economy Data Chart Quiz
Quizzes & Activities
Synoptic Economics: Impact of Higher Minimum Wage
Topic Videos
Daily Email Updates
Subscribe to our daily digest and get the day’s content delivered fresh to your inbox every morning at 7am.
Signup for emails