Emeritus Prof Christopher May on Nostr: Of course, people will be celebrating that nominal #wages are still rising above the ...
Of course, people will be celebrating that nominal #wages are still rising above the rate of #inflation... but going the BoE more ammunition to keep #interestrtates high(er).
But lets be clear:
REAL WAGES HAVE NOT REALLY RISEN SINCE 2008
Anyone focusing on these nominal figures outside the context of the last few years is still conducting #classwar!
(graph is from March)
Published at
2023-10-17 17:01:44Event JSON
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