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Drop in real wages longest for 50 years, says ONS

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    Drop in real wages longest for 50 years, says ONS

    Drop in real wages longest for 50 years, says ONS

    Real wages have been dropping consistently since 2010 - the longest period of falls since at least 1964, official figures show.
    Real wages calculate earnings when the rising cost of living, or inflation, is taken into account.
    The Office for National Statistics said real wages had fallen by 2.2% annually since the first three months of 2010.
    Shorter working hours and reduced output were factors behind falling wages, it added.


    More---> http://www.bbc.co.uk/news/business-25977678
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    Tags: account, bbc, business, earnings, figures, inflation, living, low, national, office, ons, people, poor, size, wages, work, working
  • #2
    Re: Drop in real wages longest for 50 years, says ONS

    They talk of such low percentages, wages have tumbled in reality, the cost of living is going up all the time despite what camcleg or any survey says, trying to talk the figures up doesn't work anymore, remember "most of our people have never had it so good" - oh yes, another tory millionaire telling the poor that they were well off as far back as 1957, I think the same lecturers are still teaching the same crap even in this day and age.




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