The most striking slide in a recent talk by Finance Undersecretary Karl Chua was the one titled 'Real labor productivity has been increasing, yet real wages
have been stagnant,' rather than anything specific to his advertised topic of TRAIN (Tax Reform for Acceleration and Inclusion), at the Foundation for Economic Freedom.
Lagging Wage Growth in 2017 Brings Down Real Wages
for Workers A separate Glassdoor Economic analysis of Local Pay Report salary data and the consumer price index from the Bureau of Labor Statistics revealed the consistently slow wage growth in 2017 has not kept pace with inflation across the major metros.
At the beginning of the 1990s, our average earnings increased nominally at a two-digit pace, but due to high inflation, our real wages
were decreasing," said Glasova.
But there were no strikes against high inflation, which also reduces the real wages
of the workers.
Taking into account family tax allowances, real wages
have increased by 36 percent since 2010 -- twice the pace of growth observed in 2002-2010, under the Socialist-Liberal governments.
are set to fall again in 2018, leaving the UK bottom of the league for pay growth compared to other countries, a new study predicts.
will stand still this year in a fresh blow to struggling workers, experts warn.
Bill Adams, Yorkshire and Humber regional secretary for the TUC, said a fall in real wages
, a drop in the number of paid hours worked and a "huge" rise in the number of selfemployed workers showed the effects of the "gig" economy on hard working Yorkshire people.
- after taking inflation into account - fell by 0.
He suggests that the widespread use of the Consumer Price Index for Urban Consumers (CPI-U) as the price deflator in calculating real wages
has understated the growth of inflation-adjusted earnings for these families.
Greater Birmingham Chambers of Commerce (GBCC) said that with interest rates being held at a record low, everything points to a contraction in real wages
and a general slowdown in the UK's economic output.
BRITISH workers will be hit by a fall in real wages
this year and in 2018, while pay in most other countries will increase, a report predicts.