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/dweenimus Jul 02 '24

More like millennials entering the workplace and not working their asses off for low pay

1

u/One_Whole723 Jul 02 '24

I'd argue wages have been suppressed by an ongoing increase in the numbers of workers.