UK equal joint bottom with Greece in OECD wage measure table

[Abertawe]

The consequence of having three consecutive neoliberal governments. The recession has seemingly been an excuse to redistribute wealth to shareholders of FTSE companies at the expense of the labour market. The country is doing just fine. GDP is back to where it was, FTSE 100 is fluctuating at record levels and FTSE 250 is higher than it's ever been.

The people are getting screwed. Recession has resulted in a cheaper workforce, the employment level is about the same, nothing has essentially changed for the worse but for wages. In addition to wages being slashed you've got austerity too and it isn't even needed as the economy is sound. It's funny as fuck. Keep voting in the people who are having their strings pulled by those that benefit from the rigging of wealth and keep believing the narrative of the media which is set by those who benefit most from how wealth is distributed. It's working out really well.

Using data from the OECD’s recent employment outlook, the TUC found that over the same 2007-2015 period, real wages grew in Poland by 23%, in Germany by 14%, and in France by 11%. Across the OECD, real wages increased by an average of 6.7%.

The TUC found that between 2007 and 2015 in the UK, real wages – income from work adjusted for inflation – fell by 10.4%. That drop was equalled only by Greece in a list of 29 countries in the Organisation for Economic Cooperation and Development (OECD). https://www.theguardian.com/money/2...eece-at-bottom-of-wage-growth-league-tuc-oecd