'If you want fair pay, join a union today' says CWU
"If you want fair pay, join a union today" urged CWU
general secretary Billy Hayes after a salaries
survey by the TUC estimated that UK pay has dropped a staggering
£60 billion in real terms since 1978.
The study - All in this together? - questioned the changing proportion of national output that goes on wages over the past 34 years and found that this had fallen from 58 per cent to 53 per cent, meaning that UK workers took home £60bn less in 2011 than if the wage-output ratio had stayed at 1978 levels.
Just the past few years have seen earnings take a sharp hit, pay rises falling from an average 4.2 per cent to just 1.7 per cent in the two years either side of the 2008 credit crunch. The report also notes that, as of last September, 99 per cent of wage deals were below RPI inflation.
Source: CWU
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