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Old 07-02-2011, 21:25   #79
Ignitionnet
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Join Date: Jun 2008
Location: Leeds, West Yorkshire
Age: 47
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Re: 'Shock' Contraction in the UK economy

Quote:
Originally Posted by Chrysalis View Post
bundles of claims from tbb who claim uk pay rises have been high the past decade

so your experience is the same as mine then with minimal wage rises?
They have been keeping pace with inflation or slightly above for the past decade, only in the last year or two have the brakes been put on.

Incidentally I've lived in London, the South, the Southern part of the Midlands and the West Midlands and my experience has been much the same in all of them.

If this is another one of those cases where Leicester is some sort of anomaly compared with most of the rest of the UK so be it.

I'm not talking about real wage increases that would take account of inflation incidentally. When I mentioned wage freezes I meant actual, not real. There is no reason why wages should go up by more than inflation unless unemployment is extremely low and labour market conditions allow it, which is something specific to certain occupations and skill sets.

EDIT: I think a point has been illustrated though - describing a wage increase that merely keeps wages the same in real terms as 'minimal' as if people are entitled to a real terms wage increase every year regardless of the circumstances.
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