Published: 27 May 2011
Last Updated: 09 Oct 2013
We may be on the road to economic recovery, but the average worker probably won’t notice any difference. According to a survey by Resolution Trust, workers in the low-to-moderate income category, of which there is 11m, will see their wages remain flat until at least 2015.
That’s not to say that they won’t get pay rises. In real-terms, though, ie factoring in the effects of inflation and rising prices, the average wage will be no higher in four years’ time than it was in 2001.
Even during the ‘boom years,’ the average worker saw little benefit, as disposable income fell across England’s regions between 2003 and 2008 – despite economic growth of 11%.
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