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Wed Feb 19, 2020, 06:22 AM

Wages back above pre-economic crisis levels

Average weekly wages in the UK have reached their highest levels since before the financial crisis.

Weekly pay reached 512 in the three months to December, which - adjusting for inflation - is the highest since March 2008.

Excluding bonuses, earnings grew at an annual rate of 3.2% in the three-month period, official figures show.

Employment rose by 180,000 to another record high of 32.93 million, while unemployment stayed at 1.29 million.

https://www.bbc.com/news/business-51543521?

A very sobering reminder of just how lousy the reality of economics has been for the working class.

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Reply Wages back above pre-economic crisis levels (Original post)
Sherman A1 Feb 2020 OP
Cicada Feb 2020 #1

Response to Sherman A1 (Original post)

Wed Feb 19, 2020, 09:37 AM

1. Wage hikes for low income workers up in US only where min wage was raised

Trump bragged that the biggest percent hike in wages was for those near the bottom in income. He failed to point out that that was true only in those states which increased the minimum wage.

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