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BBC News - UK unemployment total falls to 2.16m, wage inflation to remain low
[threat of wage inflation spiral far off because of multiple underlying factors not allowing it measured wholly across the uk (taking the other country called london out of the picture)] - "Weak pay growth and the 'cost of living crisis' remains the Achilles heel of the economic recovery," said Chris Williamson, chief economist at Markit. "But it should not be long until we see earnings growth accelerate as the labour market continues to tighten. Pay growth should pick up in coming months, perhaps significantly." +++ +++ +++
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june 2014 by asterisk2a
BBC News - Autumn Statement: IFS on UK cost of living statistics
More people are in work than in 2007, but incomes have fallen in real terms over that time as costs have generally risen faster than wages.
cost  of  living  greatrecession  purchasing-power  income-growth  greatdepression  GFC  2013  unintended  consequences  inflation  deflation  deflationary  economic  history  UK  working  poor  squeezed  middle  class 
december 2013 by asterisk2a

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