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UK's Real Wage Squeeze - Printable Version

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UK's Real Wage Squeeze - Martin - 05-14-2018

Quote:The UK's real wage squeeze will be the worst in modern history and the slowest for 200 years, according to union data.
The Trades Union Congress (TUC) says wages have lagged behind inflation since 2008 and are worth £24 less in real terms than in 2008.
It says they won't recover until 2025, by which time, it says, workers will have lost £18,500.
Source
Seems to be a lot of pressure on wages recently, not rising by the rate of inflation at all. How problematic is this?