News

Wages still falling despite record low unemployment rates

16th August 2017

Scottish Trades Union Congress (STUC) General Secretary Grahame Smith says: “With unemployment at record lows, you would expect wages to rise as workers grain greater bargaining power in the labour market. This clearly is not the case as real average weekly earnings have fallen across the UK by 0.5% in the 3 months to June 2017. Serious questions about the health of our labour market continue, which underlines the economic illiteracy of Government policies that hold down pay in the current economic context.

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