United Kingdom - Workers experienced sharpest wage fall of any leading economy - August 31, 2016

UK workers suffered the biggest fall in real wages among leading OECD countries, according to a TUC analysis. Between 2007 and 2015, real wages fell by 10.4%; a drop equalled only by Greece. By contrast, over the same eight-year period, real wages grew in Poland by 23%, in Germany by 14%, and in France by 11%. Across the OECD, real wages increased by an average of 6.7%. The UK, Greece and Portugal were the only three OECD countries, which saw real wages fall. While the UK has increased employment rates since the economic crisis, countries such as Germany, Hungary and Poland have increased employment rates significantly more, while raising real wages at the same time.

English: https://www.tuc.org.uk/economic-issues/labour-market/uk-workers-experienced …  

The report: http://touchstoneblog.org.uk/2016/07/uk-real-wages-decline … 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

© ETUI aisbl, Brussels 2016. All rights reserved. We encourage the distribution of this newsletter and of the information it contains, for non-commercial purposes and provided the source is credited. The ETUI is not responsible for the content of external internet sites. The ETUI is financially supported by the European Union. The European Union is not responsible for any use made of the information contained in this publication.
This email is sent from www.etui.org.


News Archive

Loading...