Workers see real-terms plunge in living standards as rise in self-employment pushes unemployment to 4.3%Wage rises in Britain possess failed to maintain pace with inflation,according to the latest official figures, despite a buoyant labour market that saw unemployment plunge to its lowest level since 1975.
Average earnings increased by 2.1% in the three months to July compared with a 2.6% increase in inflation in July that left workers suffering a 0.4% real-terms plunge in the value of their pay packets. Related: UK households 'at breaking point' as real wages continue to plunge - business live Continue reading...
Source: theguardian.com