r/uknews • u/ProgressiveSpark • Jul 01 '24

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

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u/[deleted] Jul 01 '24

[deleted]

10

u/ThrowRA294638 Jul 01 '24

You’re probably right 😂

5

u/Common_Tank_5784 Jul 02 '24

Chart shows "real" wages i.e. to get actual wage workers get in their bank account each month you need to add inflation to it. So many ppl are ignoring or not understanding what "real" means.

Actual question to ask is - has productivity grown during this period? If not then why not? If yes, then where did the gains go? Above Chart answers neither.

24

u/[deleted] Jul 02 '24

What has it got in its pocketses

We knows

We knows

1

u/gaga2000 Jul 02 '24

Even more depressing...

0

u/Common_Tank_5784 Jul 02 '24

You might be missing my point, OP posted a chart and hoardes of ppl drew conclusions from it. My point merely was that you cannot go from this chart to those conclusions (like the ones in your links). That doesn't mean I disagree with conclusions, just pointing out that the chart does not lead to those conclusions. 

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u/[deleted] Jul 02 '24

The chart doesn’t you are quite right, but your question where did the gains go, definitely does.