The researchers note that there have been historically unprecedented falls in UK real wages since the start of the Great Recession. What?s more, the long US experience of stagnant real wages (median real weekly earnings in the United States in 2013 were at about the same level as in 1979) might be viewed as a warning sign for the UK.

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8 May 2014     Paper Number CEPCP422

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This CentrePiece article is published under the centre's Labour programme.