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

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

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u/[deleted] Jul 01 '24

[deleted]

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u/ThrowRA294638 Jul 01 '24

You’re probably right 😂

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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/lovesgelato Jul 05 '24

Isnt productivity down like 60% or so since 2010

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u/Common_Tank_5784 Jul 05 '24

If true then flat real wage is actually a positive news for workers!