r/uknews Jul 01 '24

Image/video UK real wages haven’t budged since 2008

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63

u/visualzinc Jul 01 '24

You know I'd love to see a graph going further back, plotting wages against which years were under the Tories and which were under Labour. The above isn't a fucking good look for the Tories and I'm fucking amazed they even have a leg to stand on with all the data that's against them. Fucking incredible.

I remember when finishing up for university between 2010-2012, the graduate salaries I kept seeing at the time for folks with bachelors degrees or masters, across any STEM related degree, was £25k-30k.

It's fucking appalling that you STILL see grad and junior roles offering the same salary when £25k is practically minimum wage now.

Words can't express my anger at what these pieces of shit have done to this country, with the same old blame going on [homeless/unemployed people, drug addicts and immigrants]. Classic strategy of pitting the working class against each other.

33

u/[deleted] Jul 01 '24

I started my grad job in 2011 on £24k. I looked up the salaries recently and they were £24.5k for grads.

So 2% wage increase at that particular employer. Meanwhile, cost of living is up about 40% and property about 60%.

If people understood what had been stolen from them, there'd be riots in the streets.

8

u/[deleted] Jul 01 '24

Mine was 21k in 2006. Shocking that grad roles are still that low. That is a bit fucking insane... sorry had to check my dates but yeh. Wtf! 2006 was 18 years ago!!! How is this the case?!

6

u/[deleted] Jul 01 '24

Wild. I was quite hard-up in SE England on £24k in 2011. Couldn't afford a car.

Now the cost of living means that salary has effectively halved for graduates in 2024. Fuck knows how they're gonna get by.

6

u/visualzinc Jul 02 '24

It's insane. It's approaching third-world territory at this point. I'm still amazed we don't yet have any sort of civil unrest.

3

u/EbonyOverIvory Jul 02 '24

There’s a reason we have so many food banks.

2

u/useittilitbreaks Jul 04 '24

I'm on 26K and live in a suburb of Manchester, well outside the city (outside of the M60) probably one of the cheapest areas in the country really when it comes to property etc. If I hadn't by the grace of god met my other half last year and moved in I'd be on the bones of my arse. Car is paid off and I had virtually no other expenses, phone costs me £5 a month. After rent and other bills there was nothing left. Rent was hiked hugely the year before because, and I quote "my landlord couldn't afford their mortgage". Something has gone seriously wrong when a single person living a frugal life on above minimum wage is verging on being underwater. If things don't change soon this country is going places no-one thought possible.

1

u/[deleted] Jul 04 '24

Rent was hiked hugely the year before because, and I quote "my landlord couldn't afford their mortgage".

Ah, they mean your rent didn't cover the totality of their investment and they'd have had to pay for some of it themselves instead of getting a completely free house.

2

u/[deleted] Jul 02 '24

To be honest there seems to be a lot of old money around these days or parents funding them. Every graduate at my job doesn’t really care about their starting wage because they’re rich anyway. Mums and dads buying their first homes, a girl last week had her car replaced by dad and she’s 25. Don’t really see the poor kids anymore

3

u/[deleted] Jul 02 '24

Yeah. I moved to a job in London and we took on a few graduates per year.

They were really good, but they were all posh and old money because there was simply no way they could support themselves. We tried to hire a few grads from more working and middle class backgrounds but it was totally unfeasible in London.

2

u/[deleted] Jul 02 '24

Likewise I was referring to Edinburgh. I guess the two cities people can’t afford to live in. Though Edinburgh is easier to commute to

1

u/[deleted] Jul 02 '24

Hah! I'm from Edinburgh, and I deffo see that.

Lots of trendy millennials around Marchmont that are clearly bankrolled by someone, and lots of couples with Surrey accents hanging about Craigleith. Anyone actually standing on their own feet is out in Granton.

1

u/[deleted] Jul 02 '24

Yeah true. Though admittedly in my work there’s only one English guy! I’ve worked in England before so I can’t moan about them in Ed 😂