Staff only three years in to ’12-year wage’ dive, claims TUC

Would be interested to hear your thoughts on this……

Employees in the UK are on average £1,600 worse off each year than three years ago, because the “dire” state of the economy has pushed down wages, the TUC has claimed.

Workers will have to wait another nine years to get back to the level of income they enjoyed in 2009. During this time they will have lost an average of £8,500 in real-terms wage losses, according to a TUC analysis of wage trends published today.

The TUC research, which tracks wage and inflation data between 2009 and 2012, as well as forecasts from the Office for Budget Responsibility (OBR) from 2012 onwards, shows UK workers are just a quarter of the way through the UK’s 12-year wage dive……

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