We are all poorer, much poorer

The TUC has published data which shows that real wages are still below what they were before the financial scandal of 2008, explaining that workers in Britain are experiencing the longest squeeze in real incomes in modern history. The term 'real wages' takes account of the impact of inflation, going up when wages are rising faster than average prices in the shops. According to the TUC real wages increased by 27% in the decade before the 2008 scandal, but in the decade since they have actually fallen by 4%. The TUC calculates that by 2025 every worker will be £18,500 worse off on average. But the government says inflation is falling and unemployment is at a forty year low, and sought to argue that the new higher national living wage had boosted pay for the lowest earners by more than £2000. Well, the government are simply trying to confuse oranges and apples, their claims are utterly irrelevant to the TUC's point.

The reality is that the government cannot deny such claims. In fact tory ministers will secretly be rejoicing at such news, citing it as confirmation that their ideological imposition of austerity is working just as planned - facilitating the transfer of wealth from ordinary people into the pockets of the multinational tax abusers while vital public services atrophy and workers public and private alike suffer demoralisation, exploitation and poverty.

Neoliberalism is for and by the one per-cent, at the expense of everyone else.

The TUC has published data which shows that real wages are still below what they were before the financial scandal of 2008, explaining that workers in Britain are experiencing the longest squeeze in real incomes in modern history. The term 'real wages' takes account of the impact of inflation, going up when wages are rising faster than average prices in the shops. According to the TUC real wages increased by 27% in the decade before the 2008 scandal, but in the decade since they have actually fallen by 4%. The TUC calculates that by 2025 every worker will be £18,500 worse off on average. But the government says inflation is falling and unemployment is at a forty year low, and sought to argue that the new higher national living wage had boosted pay for the lowest earners by more than £2000. Well, the government are simply trying to confuse oranges and apples, their claims are utterly irrelevant to the TUC's point.

 

The reality is that the government cannot deny such claims. In fact tory ministers will secretly be rejoicing at such news, citing it as confirmation that their ideological imposition of austerity is working just as planned - facilitating the transfer of wealth from ordinary people into the pockets of the multinational tax abusers while vital public services atrophy and workers public and private alike suffer demoralisation, exploitation and poverty.

 

Neoliberalism is for and by the one per-cent, at the expense of everyone else.

Good post. Interesting point of view.

"...."..................

Does it matters if we are 4% or 27% richer/poorer, if we are healthier/happier; unfortunately we are not even thinking about that.

The TUC has published data which shows that real wages are still below what they were before the financial scandal of 2008, explaining that workers in Britain are experiencing the longest squeeze in real incomes in modern history. The term 'real wages' takes account of the impact of inflation, going up when wages are rising faster than average prices in the shops. According to the TUC real wages increased by 27% in the decade before the 2008 scandal, but in the decade since they have actually fallen by 4%. The TUC calculates that by 2025 every worker will be £18,500 worse off on average. But the government says inflation is falling and unemployment is at a forty year low, and sought to argue that the new higher national living wage had boosted pay for the lowest earners by more than £2000. Well, the government are simply trying to confuse oranges and apples, their claims are utterly irrelevant to the TUC's point.

 

The reality is that the government cannot deny such claims. In fact tory ministers will secretly be rejoicing at such news, citing it as confirmation that their ideological imposition of austerity is working just as planned - facilitating the transfer of wealth from ordinary people into the pockets of the multinational tax abusers while vital public services atrophy and workers public and private alike suffer demoralisation, exploitation and poverty.

 

Neoliberalism is for and by the one per-cent, at the expense of everyone else.

And yet inflation is DOWN and wages are RISING.

http://www.bbc.co.uk/news/business-43808716

Someone's pants are on fire!

And yet inflation is DOWN and wages are RISING.

 

http://www.bbc.co.uk/news/business-43808716

 

Someone's pants are on fire!

And of course, the media couldn't possibly be biased could it......?

The TUC has published data which shows that real wages are still below what they were before the financial scandal of 2008, explaining that workers in Britain are experiencing the longest squeeze in real incomes in modern history. The term 'real wages' takes account of the impact of inflation, going up when wages are rising faster than average prices in the shops. According to the TUC real wages increased by 27% in the decade before the 2008 scandal, but in the decade since they have actually fallen by 4%. The TUC calculates that by 2025 every worker will be £18,500 worse off on average. But the government says inflation is falling and unemployment is at a forty year low, and sought to argue that the new higher national living wage had boosted pay for the lowest earners by more than £2000. Well, the government are simply trying to confuse oranges and apples, their claims are utterly irrelevant to the TUC's point.

 

The reality is that the government cannot deny such claims. In fact tory ministers will secretly be rejoicing at such news, citing it as confirmation that their ideological imposition of austerity is working just as planned - facilitating the transfer of wealth from ordinary people into the pockets of the multinational tax abusers while vital public services atrophy and workers public and private alike suffer demoralisation, exploitation and poverty.

 

Neoliberalism is for and by the one per-cent, at the expense of everyone else.

In 2012 the General Secretary of the TUC earned £88k pa.

In 2018 the General Secretary of the TUC earns £152k pa.

People in glass houses and all that.

Neoliberalism is for and by the one per-cent, at the expense of everyone else.'

Unfortunately most people have never heard of neoliberalism, much less realise that we are living with a Neoliberal government.

For those who might want to know what it actually is:

https://www.theguardian.com/books/2016/apr/15/neoliberalism-ideology-problem-george-monbiot

https://en.wikipedia.org/wiki/Neoliberalism

In 2012 the General Secretary of the TUC earned £88k pa.

In 2018 the General Secretary of the TUC earns £152k pa.

 

People in glass houses and all that.

Stop looking at this (low wages) and look over there (someone on high wages).

I think it's called distraction tactics.

In 2012 the General Secretary of the TUC earned £88k pa.

In 2018 the General Secretary of the TUC earns £152k pa.

 

People in glass houses and all that.

and? he gets a hefty pay packet but is still standing up for those without?

As Max says, pure distraction tactics

and? he gets a hefty pay packet but is still standing up for those without?

As Max says, pure distraction tactics

_she_ does indeed get a hefty pay packet - but it's the 72% pay increase in six years I thought was impressive.

Is 72% the rate the TUC thinks we should all have received in 6 years? I thought I was doing well on 35%.

From 2008 to 2017 my pay has increased by 85%. This year my annual rise has gone up by a further 3.7%.

Just choose the data that suits your arguement and not look at the bigger picture why not.