Vox:
Real wages continue to fall in the UK
29 September 2014
Real wages continue to fall in the UK and elsewhere, yet despite this striking feature of the labour market, some commentators anticipate resurgent pay growth in the near future. This column argues that the absence of any improvement in the UK's productivity performance - together with evidence that nominal wage growth is flatlining and real wage growth is falling - make it highly unlikely that wage growth is about to explode upwards.
This article was published online by Vox on September 29, 2014
Link to article here
Related publications
Falling real wages, David Blanchflower and Stephen Machin. Article in CentrePiece Volume 19, Issue 1, Spring 2014
Related links
Stephen Machin webpage
Labour Markets Programme webpage