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Workers in the UK have suffered the biggest fall in wages among the world's richest countries since the financial crisis, research has suggested.
Between 2007 and 2015 wages in the UK fell by 10.4%, a drop equalled only by Greece, the analysis by the TUC [Trades Union Congress] found.
Women's pay in particular needs to be boosted, the union body said. Women earn on average 19.2% less than men, according to the latest official data.
The Treasury said the TUC's analysis did not fully reflect living standards.
The UK is the joint biggest faller on pay in 29 countries of the Organisation for Economic Cooperation and Development (OECD) - a forum for wealthy countries who work together to promote financial growth and social wellbeing.
The UK, Greece and Portugal were the only three OECD countries that saw real wages fall, according to the research complied by the TUC.
Source: BBC News
(Score: 1, Offtopic) by aristarchus on Thursday July 28 2016, @11:02AM
Now if only America could follow by electing Trumpf, so that American wages could drop, if that is even possible. Maybe we can get AC to dress up like a female, so he can finally get a job and stop complaining about the gender bias. You know, like Tootsie, or Mrs. Doubtfire! C,mon, it will be fun! AC? Hello, AC? Now where did the bugger bugger off to?
(Score: 1, Touché) by Anonymous Coward on Thursday July 28 2016, @02:36PM
What makes you think American wages haven't already been dropping since decades?
(Score: 3, Insightful) by turgid on Thursday July 28 2016, @03:42PM
His point is that America is about to follow the UK in voting for something which will do exactly the opposite of what they want it to do. The irony is that they will be voting for aore extreme version of the thing that got them into trouble in the first place.
I refuse to engage in a battle of wits with an unarmed opponent [wikipedia.org].
(Score: 0) by Anonymous Coward on Thursday July 28 2016, @10:05PM
No, the real irony is that your vote doesn't matter since both parties will fuck over everyone except the 1%
(Score: 2) by turgid on Friday July 29 2016, @08:26AM
No, one of them us much, much worse than the other. Hint: it's the one with Trump at the front.
I refuse to engage in a battle of wits with an unarmed opponent [wikipedia.org].
(Score: 3, Insightful) by fritsd on Friday July 29 2016, @08:56AM
In unrelated news, the USA and the UK are two of the few countries that have the First-Past-The-Post voting system...