Do you feel like your wages have stagnated over the past decade? Well, new data shows that they probably have.
A report by the TUC, published on Wednesday – using data from the OECD’s recent employment outlook – found Britain suffered a bigger fall (10.4%) in real wages than any other advanced country apart from Greece (the UK, Greece and Portugal were the only three OECD countries that saw real wages – income from work adjusted for inflation – fall between 2007 and 2015).
Conversely, during the same time period, real wages grew in Poland by 23%, in Germany by 14%, and in France by 11%.
The TUC general secretary, Frances O’Grady, said: “This analysis shows why the government needs to invest in large infrastructure projects to create more decent, well-paid jobs. Other countries have shown that it is possible to increase employment and living standards at the same time.”
The TUC also expressed concern about the impact of Brexit on salaries, with O’Grady adding: “People cannot afford another hit to their pay packets. Working people must not foot the bill for a Brexit downturn in the way they did for the bankers’ crash.”
We want your views on this. How have your wages been affected by the recession? Have they fallen or grown? How has this impacted on your daily life? How has it made you feel about your job? Are you worried about the impact of Brexit?
Share your stories with us via the form below.
