Real term wages have been falling for decades, data reveals

CIPD: Pay rises have dropped in every successive decade since the 1980s, according to a report published today by the Office for National Statistics. The ONS report, An Examination of Falling Real Wages, shows annual real wage growth averaged 2.9 per cent in the 1970s and 1980s, but it then dropped by half to 1.5 per cent in the 1990s. The rate slowed again to an average of 1.2 per cent in the 2000s, and real wages fell by 2.2 per cent a year between the first quarter of 2010 and the second quarter of 2013.

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