Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:

And everything I've read shows real wages have been rising at reasonably strong rates, somewhere in the neighborhood of 2-3% each year, although probably slower now with higher inflation and more slack in the labor market.

The problem is that in the UK a lot of people do not work full time - in fact, it is one of the countries with the lowest average working hours (I had a nice graph showing this but cannot seem to find it). so if wages increase but the number of hours per worker go down, it does not help.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Mar 30th, 2007 at 10:24:17 AM EST
[ Parent ]

Others have rated this comment as follows:

afew 4
kcurie 4

Display: