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posted by martyb on Thursday July 28 2016, @08:12AM   Printer-friendly
from the wages-getting-pounded dept.

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


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  • (Score: 0) by Anonymous Coward on Thursday July 28 2016, @09:07PM

    by Anonymous Coward on Thursday July 28 2016, @09:07PM (#381326)

    England is the main target as they provide even better benefits than the others do. Italy has a huge problem with them and they are starting to wake up. France and Germany can still cope with them for a while as they have more cash to waste.

    It doesn't take a degree in economics to understand how an influx of inexpensive workers will affect citizens. You might think it does not affects you for now, but the majority does not have as much job security as the average soylentil.