Today’s low-paid jobs aren’t working, says TUC
“Last week the Governor of the Bank of England said the fall in real wages is the worst since the 1920s and today’s figures show it getting worse. Pay increases are less than half the rate of inflation, so living standards keep on falling.
Commenting on the latest labour market statistics published today (Wednesday) by the Office for National Statistics, TUC General Secretary Frances O’Grady said:
“Last week the Governor of the Bank of England said the fall in real wages is the worst since the 1920s and today’s figures show it getting worse. Pay increases are less than half the rate of inflation, so living standards keep on falling.
“More people are working, but growth based on more low-paid jobs isn’t working for Britain. We need jobs that ensure everyone gets a fair share in the growing economy through real increases to their wages.”
NOTES TO EDITORS:
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
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