Commenting on the Office for
National Statistics (ONS) latest economic review published today (Wednesday) –
which found that real wages have fallen by 7.6 per cent since 2008 and real
household disposable income by 0.3 per cent in the last quarter of 2013 – TUC
General Secretary Frances O’Grady said:
“Workers across the economy have
experienced a deep squeeze in their pay packets since 2008. Construction
workers have been hit the hardest and are currently receiving just 86p for
every pound they earned before the crash.
“What’s even more worrying is that
the recent recovery is failing to raise living standards. Disposable incomes
are still falling and people are no better off today than they were nine years
ago.
“We need a recovery that benefits
ordinary families, rather than one where the proceeds of growth just go to the
same old wealthy elites.”
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