Sluggish wage growth is the last thing workers need, says TUC
says that real pay growth is at risk of slowing in 2016 due to poor productivity performance, TUC General Secretary Frances O’Grady said:
“This is a sobering reminder of why low inflation is not a secure basis for a strong wages recovery.
“If we don’t boost productivity across all sectors across of the economy, future living standards will be put at risk.
date: 14 December 2015
embargo: 00.01hrs Tuesday 15 December 2015
Commenting on today’s (Tuesday) report by the Resolution Foundation, which
says that real pay growth is at risk of slowing in 2016 due to poor productivity performance, TUC General Secretary Frances O’Grady said:
“This is a sobering reminder of why low inflation is not a secure basis for a strong wages recovery.
“If we don’t boost productivity across all sectors of the economy, future living standards will be put at risk.
“After years of falling real incomes, the last thing workers need is for recent pay growth to slow.
“A proper industrial strategy and significant investment in infrastructure must be at the top of the government’s new year’s priority list to guarantee a recovery that works for all.”
NOTES TO EDITORS:
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @The_TUC and follow the TUC press team @tucnews
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