Wednesday, February 13, 2013

And leading on from below!

Real wages fall back to 2003 levels in UK

The ONS said that although it was too early to be sure whether there has been a permanent change in the long-term trend, the decline in real wages had now been sustained for three consecutive years.

Posted by happy mondays @ 11:42 AM (1153 views)
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2 thoughts on “And leading on from below!

  • If you take real inflation, more like 1990 levels. Quite frankly, life was much better then.

    Government allowed the middle class to have company cars. It cost me £25 a week to fill my car. Beer was less than £2 and the pubs were full of happy people. And truly, people were more happy back then. Holidays were cheaper, on and on.

    Just totally pissed off with the way things are going. Zero Hedge posted a couple of days ago that it is taking longer than it did in the 1930’s for Britain to return GDP to pre-recession levels. Literally, probably our worst recession in over 300yrs, all simply to justify and fund corporatism and world government.

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  • Quite frankly, graduate jobs paid out about £18,000 to £20,000 back in 1998. They haven’t gone up, yet as said, petrol and rail travel to work has pretty much doubled. Do I hear DEVALUATION?!

    Meanwhile, gold is five times the price, demonstrating that in real terms, currencies have been devalued about five fold, with the entire wealth created by the greatest technological growth period in history being stolen by inflation and taxation.

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