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1-Old-Man

(2,667 posts)
Sun Aug 11, 2013, 11:34 AM Aug 2013

We are not alone.

http://www.bbc.co.uk/news/business-23655605

"UK wages decline among worst in Europe

One think tank said this year that the drop in wages was "unprecedented"

Wages in the UK have seen one of the largest falls in the European Union during the economic downturn, according to official figures.

Figures from the House of Commons library show average hourly wages have fallen 5.5% since mid-2010, adjusted for inflation, which is the fourth-worst decline in the 27-nation bloc.

By contrast, German hourly wages rose by 2.7% over the same period.

Across the European Union as a whole, average wages fell 0.7%.

Only Greek, Portuguese and Dutch workers have had a steeper decline in hourly wages, the figures showed."

More at link
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