UK: Wages outpaced by cost of living

UK: Wages outpaced by cost of living

Even though there was some good news for the economy today with an increase in the amount of employment growth and a marginal decline in unemployment that suggests that the downturn at the beginning of 2013 may have just been a blip, there is increasing evidence that people who are currently in work are accepting the lack of a wage increase in exchange for keeping their job.

For forty consecutive months now, earnings have failed to keep up with inflation. If you are stuck in a dead-end job and worried about the lack of wage increase, the best advice we can offer is to start your very own micro business on the side so that you at least have a alternate source of income.

via The Guardian

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