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Recession hits unskilled and widens north-south divide

recession and its aftermath have widened England’s north-south divide
and hit low-skilled workers hardest, says an official analysis of the
labour market since unemployment hit a 30-year low in 2005.

This is precisely what the theories we are working to would predict and explain. In the absence of LVT, those at the margin suffer them most when things go wrong.

See full article in the FT