| Title | British Workers See Biggest Fall in Wages | |
| Date | Thursday July 28 2016, @08:12AM | |
| Author | martyb | |
| Topic | ||
| 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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