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The Daily Telegraph:
Competition, not politicians, will push up living standards

30 September 2014

There is no question that real wages have been squeezed to an unprecedented extent over the past five years and living standards are under pressure. A report from the Centre for Economic Performance this week found the real wages of the typical median worker had fallen by 8-10pc since 2008, or around 2pc a year. The reason is simple. Wages have stagnated, while prices have carried on rising.

This article was published by the daily Telegraph on September 30, 2014
Link to article here

Related Publications
Real wages continue to fall in the UK, David Blanchflower and Stephen Machin, CEP Real Wage Update, September 2014
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

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