Wages: Where is Britain in the Global Race?

07 Mar 2013, by Duncan Weldon Guest in Economics

International Labour Organisation data shows that over the course of 2007-2011 British workers suffered the largest falls in real wages (wages after taking into account price rises)  of any G7 economy. Whilst workers in many countries saw their real terms pay rise, real wages fell heavily in the UK adding to an unprecedented squeeze in living standards.

View a larger version of the infographic here or click on the image.

Global Race: Part of the Global Race series; looking at Britain’s economic growth in comparison to other major economies.