Thursday, 6 May 2010

Workers suffer from fall in income

Millions of workers are seeing their wages fall in real terms, as salaries fail to keep pace with the rising cost of living, a new study has shown.

The figures are the latest sign that rising inflation is squeezing workers' standard of living, even though the recession has officially ended.

Average wage rises have increased by just 0.1 per cent to 1.9 per cent, according to a respected monthly survey from Incomes Data Services (IDS). The study compared the three month period to the end of February with the three month period to the end of March. more...


Disclaimer - The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.

The myriad of facts, conjecture, perspectives, viewpoints, opinions, analyses, and information in the articles, stories and commentaries posted on this site range from cutting edge hard news and comment to extreme and unusual perspectives. We choose not to sweep uncomfortable material under the rug - where it can grow and fester. We choose not to censor skewed logic and uncomfortable rhetoric. These things reflect the world as it now is - for better and worse. We present multiple facts, perspectives, viewpoints, opinions, analyses, and information.

Journalism is (or used to be) the profession of gathering and presenting a broad panorama of news about the events of our times and presenting it to readers for their own consideration. We believe in the intelligence, judgment and wisdom of our readers to discern for themselves among the data which appears on this site that which is valid and worthy...or otherwise.

  © Blogger template 'Perfection' by 2008

Back to TOP