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United Kingdom

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Sherman A1

(38,958 posts)
Wed Feb 19, 2020, 06:22 AM Feb 2020

Wages back above pre-economic crisis levels [View all]

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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