Commenting on a new analysis of real wages published today
(Friday) by the Office for National Statistics, TUC General Secretary Frances
O’Grady said:
“Over the last four years British workers have suffered an
unprecedented real wage squeeze.
“Even more worryingly, average pay rises have got weaker in
every decade since the 1980s, despite increases in productivity, growth and
profits. Unless things change, the 2010s could be the first ever decade of
falling wages.
“A return to business as usual may only bring modest pay
growth. We need radical economic reform to give hard-working people the pay
rises they deserve.”
According to the ONS, real wages grew by 2.9 per cent in
the 1970s and 1980s, 1.5 per cent in the 1990s, 1.2 per cent in the 2000s and
by -2.2 per cent since the first quarter of 2010.
No comments:
Post a Comment