Mark Hillsdon reports on a new index from the Good Economy Partnership that assesses UK’s biggest companies on their creation of ‘good jobs’

An inclusive economy where the benefits of economic growth are evenly spread across the country is the goal of many of the world’s most developed nations.

It’s one to which the UK aspires, too. But rather than taking a path to “inclusive growth”, social advisory firm The Good Economy Partnership suggests that Britain is actually experiencing “immiserating growth”, a concept associated with falling living standards, when the benefits of economic growth have not been equally shared.

We need to be able to measure the most important dimension of inclusion: a good-quality job for everyone who wants one

According to the Organisation for Economic Co-operation and Development (OECD) real wages in the UK are falling faster than anywhere else in the developed world, while the World Economic Forum’s Inclusive Growth Index, now ranks the UK 21st among advanced economies.

“If we seriously want to build an ‘inclusive economy’ – one that works for everyone – we need to be able to measure the most important dimension of inclusion: a good-quality job for everyone that wants one,” says Mark Hepworth, director of research and policy at The Good Economy.

Not only is capitalism in the UK producing low unemployment, but “the quality of the...

This content is premium content, and only accessible to subscribers. Please log in to view the content - or subscribe here.

Subscribe to read: SSE, Persimmon and BT 'best plcs for building an inclusive Britain'

Login

Subscribe

Already a subscriber? Login using the fields below.

To get access to this content, become an Ethical Corporation subscriber today.

Subscribe and join the likes of:

Subscribe here
Close popup
jobs  inclusive economy  The Good Economy Partnership  World Economic Forum  SDGs  Legal and General  Unilever  Brexit  voluntary living wage  Marks and Spencer 

comments powered by Disqus