United Kingdom - Blog describes fall in real wages - June 30, 2017
Two researchers associated to the London School of Economics published an election analysis report on real wages and living standards. Since the global financial crisis of 2007/08, workers’ real wages and family living standards in the UK have suffered to an extent unprecedented in modern history. The research, presented with data and figures, shows that real wages of the typical (median) worker have fallen by almost 5% since 2008, while real family incomes for families of working age have just about recovered to pre-crisis levels. Almost all groups of individuals and families – with the exception of minimum wage workers and pensioners – are no better off on average than they were in 2008.
The report: http://cep.lse.ac.uk/pubs/download …
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