What we have lost

November 2024 Forums General discussion What we have lost

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    According to the Guardian (and ILO)

    Quote:
     On average [U.K.] working people are now £1600 a year worse off since 2010.

    http://www.theguardian.com/business/2014/dec/04/british-workers-suffered-biggest-real-wage-fall-major-g20-countries

    That's the highest loss of income in the G20

    and

    Quote:
    According to recent data released by the Office for National Statistics (ONS), wages in the UK fell 1.6% this year compared to 2013, marking a sixth straight year of declining levels of pay….The paradox is that unlike the economies of Italy, Spain, Portugal and Greece, the UK has been growing, employment levels are just shy of all an time high, and the unemployment rate has dropped to 6%.

    Proof of the class war?  That capital grows at the espense of labour, and it is only through cutting our wages that the economy has grown at all, and we still have jobs through 'pricing ourselves into the market'…

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