Millions of workers suffer ‘biggest pay cut since 1977’
Workforce hit with sharpest fall in wages on record
The Standard · Rachelle Abbott
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Show Notes
Office for National Statistics data reveals wages plunged by 4.1 per cent in the last quarter, with pay now dropping fastest since 2001 when the latest records began. But historical analysis shows we’re actually suffering the biggest pay squeeze since Jim Callaghan was PM.
The Leader’s joined by Dr Grace Lordan, labour economist at the London School of Economics and Hannah Slaughter, senior economist at the Resolution Foundation.
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