by Felix Richter, Statista.com
— this post authored by Niall McCarthy
According to a report by the TUC, real wages have fallen 10 percent in Britain since the financial crisis, a worse decline than any other advanced country other than Greece.
Real wages – income from work adjusted for inflation – grew by 23 percent in Poland, 13.9 percent in Germany and 6.4 percent in the United States between 2007 and 2015. During the same period, the UK, Greece and Portugal were the only OECD nations that experienced a decline in real wages.
This chart shows the percentage change in real wages from Q4 2007 to Q4 2015.
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