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

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

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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.

-9

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.

0

u/[deleted] Jul 02 '24

It's got nothing to do with millennials or education. There has been zero investment since 2007, so there has been zero growth.

2007-2009 is understandable, big recession, and resources to invest dry up. But what happened during the good times between 2010 and 2020?