The Decline of UK Workers: Why Are Wages Stagnating?

💼UK workers are 20% poorer than their counterparts in Germany and 9% poorer than their peers in France.

📉Real wages in the UK have not grown since 2010, while between 1970 and 2007, they grew by an average of 33% per decade.

💵The decline in wage growth over the past 15 years has cost the average UK worker over £10,000 per year.

🏦Low growth and high inequality are the main factors contributing to stagnating wages in the UK.

🌍The UK has one of the worst wealth inequalities among large economies, with total household wealth seven times that of GDP.

Why are UK workers worse off compared to their counterparts?

—UK workers are worse off due to low growth, low productivity, low investment, and high inequality.

How much have real wages grown in the UK since 2010?

—Real wages in the UK have not grown since 2010.

How much has the decline in wage growth cost the average UK worker?

—The decline in wage growth over the past 15 years has cost the average UK worker over £10,000 per year.

What are the main factors contributing to the decline in wage growth?

—Low growth and high inequality are the main factors contributing to the decline in wage growth in the UK.

How does the UK's wealth inequality compare to other economies?

—The UK has one of the worst wealth inequalities among large economies, with total household wealth seven times that of GDP.

00:00Workers in the UK are worse off compared to their counterparts and previous generations.

02:05Real wages in the UK have not grown since 2010.

04:39The decline in wage growth over the past 15 years has cost the average UK worker over £10,000 per year.

06:23Low growth and high inequality are the main factors contributing to stagnating wages in the UK.

08:30The UK has one of the worst wealth inequalities among large economies, with total household wealth seven times that of GDP.