Wages in
the UK have seen one of the largest falls in the European Union during the
economic downturn, according to official figures.
The figures, which were requested by
the Labour Party and collated by the House of Commons library, show average
hourly wages have fallen 5.5% since mid-2010, adjusted for inflation.
That is the fourth-worst decline
among the 27 EU nations.
To put into context just how
depressing these figures are only the likes of Portugal and Greece are worse
off and even Spain have fared better than us, this would in part help explain
why the economy is recovering, because more and more is being asked of people for
less and less.
Also the rising costs of everything
only exacerbates the issue, and the stock of the idea of a living wage
continues to rise, because however you try and interpret these figures it’s
pretty embarrassing for the government.
What good does it do if the economy
recovers yet everyone is still struggling to make ends meet?
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