I mentioned in yesterday's daily that a recent article in the Guardian on a post-Brexit vote labour supply shock in the UK was missing the key element of wage stagnation. So it's interesting to see the Guardian highlighting how inflation-adjusted wage growth is diminishing, even as data released today reveal that unemployment rates in the UK has hit a 43 year low.
UK real wages falling again
Here's how the Guardian puts it:
Pay growth in Britain has slowed to its weakest in almost a year despite...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.