2010-2021 UK workers experienced a real wage rise of £16/week, with hourly pay inequality at its narrowest since the 1970s.
UK workers saw a real wage rise of £16 a week since 2010, according to the Resolution Foundation think tank. The wage growth improvement is due to slowed inflation, but the slow growth has been influenced by the financial crisis, Brexit referendum, and cost of living crisis. Despite the overall wage growth slowdown, hourly pay inequality between middle and low earners is at its narrowest since the 1970s.
June 25, 2024
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