Government officials like to boast of an economic recovery, but the pathetic level of wages gives the lie to that notion. 'The wage rise, in the 12 months to April, was the smallest growth in 17 years and puts the average weekly salary full-time workers at £518, official figures show. Annual increases averaged around 1.4 per cent a year between 2009 and 2014, but this latest rise - the lowest since 1997 - is only 0.1 per cent, said the Office for National Statistics.' (Daily Express, 19 November) The depth of decline highlights just how tentative any recent recovery remains, with the bottom 10th of full-time staff earning less than £288 a week, compared with £1,240 for the top 10 per cent. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
Subscribe to:
Post Comments (Atom)
-
What is the basis of present-day society? T his is called a "property-owning democracy" where 10% own 90% of the wealth. Ther... -
Are the planet’s resources of energy, and raw materials coming to an end? Is a real society of abundance only a dream, impossible to re...
No comments:
Post a Comment