Growth

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #83372

    http://www.bbc.co.uk/news/business-31000413

    The key thing not being mentioned, AFAICS is despite claims of 2.6% growth (or threabouts), albeit slowing, no-one mentions wages growth.

    A BBC report from December gives wage growth of 1.6%:

    http://www.bbc.co.uk/news/business-30512657

    So, even with sluggish growth, we are getting poorer.  If wages grow less than growth, that means the bigger share of the bigger pie is a smaller proportion (e.g. Assume wages are 60% of the economy, the economy grows by 2.6%, to 102.6%, wages grow by 1.6% to 60.96%.  60.96/102.6 = 59% of he new economy).

    Of course, that wage growth nedes to take into account inflation, so it's all a lot worse, really.

    #109094
    J Surman
    Participant

    There's wages growth for some!Parasites In The WorkforcePosted by Janet Surman at 6:51 am Labels: earnings inequality 0 comments Statistics of inequality – UK: Workforce and Members of Parliament 2014 January: average annual earnings £26,500 2014 January: MPs' average basic earnings £67,000+ 2014 August to October: average earnings increase 1.6% 2015 New Year increase in MPs' earnings 9.26% Who really thinks they're worth it? Not us. Our aim is to get rid of the lot of them and abolish the wages system. We don't need leaders and we don't respect parasites.  

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.