Commenting on today’s (Tuesday) labour market statistics from the Office for National Statistics – which show that nominal wage growth has slowed down to 2.8%, while real wage growth has stayed static at 0.4% – TUC General Secretary Frances O’Grady said:
“Wage growth is stuck in the slow lane. At this rate pay packets won’t recover to their pre-recession levels for years.
“We need to speed things up. Extending collective bargaining would boost living standards and help workers get a fairer share of the wealth they create.
"Ministers must allow unions the right to go into every workplace.”
Real wages increased by 27% in the decade before the financial crisis (1998-2008). However, in the decade since (2008-18) they have fallen by 4%.
- For TUC research about real wages please visit: www.tuc.org.uk/news/britain%E2%80%99s-17-year-real-wage-squeeze-will-be-worst-modern-history-warns-tuc
- The Trades Union Congress (TUC) exists to make the working world a better place for everyone. We bring together more than 5.5 million working people who make up our 49 member unions. We support unions to grow and thrive, and we stand up for everyone who works for a living.