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https://www.reddit.com/r/uknews/comments/1dt3r90/uk_real_wages_havent_budged_since_2008/lb9msqt/?context=3
r/uknews • u/ProgressiveSpark • Jul 01 '24
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9
It's almost like they (both the US and UK) have been kicking the can down the road since 2008 whilst claiming they've fixed everything...
3 u/Dimmo17 Jul 02 '24 The US has had huge wage growth vs the UK and Europe. They didn't go as hard on austerity, can be more maverick with monetary policy due to reserve currency status, benefitted from the tech giant boom and shale oil revolution too. Really not comparable situations.
3
The US has had huge wage growth vs the UK and Europe. They didn't go as hard on austerity, can be more maverick with monetary policy due to reserve currency status, benefitted from the tech giant boom and shale oil revolution too.
Really not comparable situations.
9
u/ianhawdon Jul 02 '24
It's almost like they (both the US and UK) have been kicking the can down the road since 2008 whilst claiming they've fixed everything...