Final dates! Join the tutor2u subject teams in London for a day of exam technique and revision at the cinema. Learn more

In the News

UK real wage gap grows to £11,000 since 2008

Graham Watson

21st March 2023

The Resolution Foundation estimate that fifteen years of stagnating wages have left the average worker nearly £11,000 per year worse off compared to what they might have expected had wages continued to grow at their pre-2008 trend rate.

This is quite a sum, and of course, only applies to average wages; the wages of those at the top of the pile have increase much more rapidly, so it's also seen increasing income inequality.

The article suggests that the gap between the UK and our continental neighbours is rising, not least because of low levels of investment and low productivity, two recurring themes of my entire life as an economist, I'm afraid.

Please read: Stalling wage growth since 2008 costs £11,000 a year, says think tank (BBC news)

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.