Saturday, February 01, 2014

Fact and Fiction

Politicians like to paint a picture of steadily improving conditions for the working class with the development of capitalism, but recent statistics disprove that notion. 'Real wages have been dropping consistently since 2010 - the longest period of falls since at least 1964, official figures show. Real wages calculate earnings when the rising cost of living, or inflation, is taken into account. The Office for National Statistics said real wages had fallen by 2.2% annually since the first three months of 2010.' (BBC News, 31 January)  These figures show that the politicians have little to boast about. RD

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