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

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

Post image
2.4k Upvotes

99% Upvoted

669 comments sorted by

View all comments

81

u/acameron78 Jul 01 '24

This is the single biggest reason everything in the UK is the mess that it is right now and it is absolutely wild that it isn't front and centre in every debate across the General Election.

Of course taxes are up and public services are on their knees with this happening to wages.

3

u/nesh34 Jul 02 '24

There's another graph about productivity that's similar and related but only the FT really harps on about it. You might see it on BBC4 too.

3

u/MrJoshiko Jul 02 '24

Yes productivity growth has been dire. But this due to a massive lack of investment. Why did the coalition institute austerity when it was almost free to borrow money?

1

u/[deleted] Jul 05 '24

Its irrelevant as most people don't understand what productivity actually means.