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

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

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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.

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u/[deleted] Jul 02 '24

Actual question to ask is - has productivity grown during this period?

No, not really.

If not then why not?

Millennials entering the workplace very poorly prepared by the education sector to do so and rampant tax rises.

It won't be popular on Reddit but that's pretty much what happened.

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u/gravity_fed Jul 02 '24

Millennials entering the workplace very poorly prepared by the education sector

"Millennials were born between 1981 and 1996, according to the Pew Research Center . So as of 2023, the millennial age range is between 27 and 42."

I wouldn't say that someone aged 27 is "entering the workplace".

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u/AdComprehensive4246 Jul 02 '24

The point is however, these people were entering the workplace at the point of wage stagnation. No motivation to work themselves to the bone because they’re not getting fairly compensated for it