Wage Growth in the UK

UK Low Wages

The first chart shows the unique position of the UK in the rich world in having a growing GDP together with falling wages, see fourth quadrant: 

On the right of the vertical line: growth 2007-2015, below the main horizontal line: wages 2007-2015 . the UK is alone is that quadrant. 

From the Financial Times March 2, 2017  https://www.ft.com/content/83e7e87e-fe64-11e6-96f8-3700c5664d30

The second chart shows that wages have not grown between 2015 and 2019.

https://fullfact.org/economy/employment-since-2010-wages/

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s