Monday, June 6, 2011

Real wages have fallen for most for decades

TUC: Wage stagnation over decades as income gap widens

Many people in middle and low income jobs have barely seen any improvement in their incomes over the past 30 years, a report from the TUC says. But house prices trebled over the last ten.

Posted by will @ 09:38 AM (1369 views)
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7 thoughts on “Real wages have fallen for most for decades

  • The perfect stage for debt and profiteering has finally been set in stone.

    What’s the play called Sid? “Austerity through Stealth and Treason” young man.

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  • “Unless we radically transform our economy – from recasting the role of the state to prioritising a fairer distribution of new wealth and jobs – we will simply be storing up more problems for the future”.

    Indeed. But I don’t think those lines will grab people the City and decision-makers (e.g the government) within their sphere of influence.

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  • letthemfall says:

    Governing the country and its economy has turned into a kind of abstraction – something to do with “growth” and figures that purport to measure such a thing, and a selection of similar numerical measures; while what should be the real purpose of government – to improve the economy and culture to the benefit of all – is lost in a morass of meaningless jargon, designed, it seems, to obfuscate the reality of what the City and cohorts really want – to enhance their advantage endlessly.

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  • financial planner says:

    Top 3 real rises have been public sector. How weird.

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  • need-a-crash says:

    …and yet the TUC have said next to nothing about the house price bubble and are in favour of the BoE current low interest rate policy.

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  • letthemfall says:

    With the exception of judges, the top 3 all contain some private employees, or part-private.

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