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Cost of Living Crisis: Working People

Money Box

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The Importance of GDP Growth

Incomes not going up because what economists call productivity hasn't been going up. Inflation rising faster than people's money wages, so we can afford to buy less each week. It misses out all of those unpaid activities that don't have money attached to them such as housework and care in the home. And also the ways that we use nature for free - polluting or emitting carbon will eventually cost us a lot in the economy but we don't pay for it.

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