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Saturday, November 19, 2022

UK Wage Stagnation

  Wage stagnation for Britain’s workers for two decades. 

The Resolution Foundation said on Friday that the dire economic outlook meant that real wages were not expected to return to 2008 levels until 2027.

 If pay had continued to grow at the same rate as before the financial crisis hit in 2008, then by 2027, workers would be £292 a week – or £15,000 annually – better off.

Hunt’s budget will mean 19 years of wage stagnation, warns thinktank | Autumn statement 2022 | The Guardian

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