Wages in sector will tumble by 2020 to levels final seen a decade ago,the Resolution Foundation forecastsPublic sector workers have become the first group to suffer a nick in real wages since the recovery of 2014 as forecasters predicted that the rest of the working population would follow suit later this year.
The Resolution Foundation said the situation for 5.4 million public sector workers is expected to worsen over the rest of the decade as pay restraint and tall inflation eat into their take-domestic pay and living standards. Related: UK social care: staff shortages put sector in crisis Related: No pay rise for 15 years, IFS warns UK workers Continue reading...
Source: theguardian.com