I don't know about you but I'm sick to death of commentators on wages looking at the last two or three quarters & claiming that because wages are now often growing above inflation that all is much better for workers....

NO NO NO - look at the longer term to see how real wages remain in many cases BELOW those enjoyed in 2007/8.

Just because pay rises are above inflation now does not undo over a decade of falling real wages....

[grinding of teeth]

#workers #inflation #economics