Q. which sectors nominal #wages are rising fastest?
so in the three months to June this is what (annualised) rises looked like:
#Retail - 7.7%
#Hospitality - 6.5%
#Manufacturing - - 8.2%
#construction - 5.8%
#health sector - 6.8% and
#financialservices - 9.4%
none of these (even the financial services) are enough to make up for the fall(s) in real wages over the last decade!
#inflation is coming from somewhere else.... might it be the 'maintenance' of #profits do you think?
data/FT