UK wages drop more than in any advanced economy since financial crisis … level with Greece
‘Workers in Britain have suffered the biggest fall in real wages since the financial crisis than any other leading economy besides Greece, a new study has found.
Between 2007 and 2015, real earnings of British workers declined by 10.4 percent, according to the Trades Union Congress (TUC).
Britain’s drop in real wages – defined as income from work adjusted for inflation – was equalled only by Greece in a list of 29 Organisation for Economic Cooperation and Development (OECD) countries. Portugal was the only other OECD country where real wages fell.’
Read more: UK wages drop more than in any advanced economy since financial crisis … level with Greece
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