Wages in the UK have been stagnant for 15 years after adjusting for inflation.
Wages in the UK have been stagnant for 15 years after adjusting for inflation.
Huh, it looks just like that one chart that shows wages and productivity divorcing in the US around 1971. I'd be interested to know what happened in 2007-ish that created this lasting change.
That's literally nothing.
Have you seen how things are in the rest of the world?
Minus London the average UK wealth is below that of Mississippi. The poorest US state.
Ouch. I certainly got that impression from reading Consciousness of Sheep though. Watkins is one of the few who doesn't sugarcoat the UK's condition. Unfortunately there are few journalists here in the USA of whom the same could be said. Progress ideology is nowhere stronger than here.
Europe overall is pretty bad, Japan isn't doing great either but the US and China are going strong.
Wages in US have increased a lot in recent years while they've been stagnating in Europe.
So no, it's not the whole world doing badly.