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Something strange has been happening in the British economy. For over six years now, wages have fallen for most of us, which is unprecedented in British modern history. And despite the return of economic growth, wages still have not picked up.
What has happened? And crucially is this a long term problem - is this the end of the pay rise? Paul Johnson, director of the Institute for Fiscal Studies, explores the mystery of our falling wages and finds out how it is related to how productive we are, but also to how wages themselves are shared out between the top earners and the rest of us.
Producer: Estelle Doyle
Contributors:
4.6
195195 ratings
Something strange has been happening in the British economy. For over six years now, wages have fallen for most of us, which is unprecedented in British modern history. And despite the return of economic growth, wages still have not picked up.
What has happened? And crucially is this a long term problem - is this the end of the pay rise? Paul Johnson, director of the Institute for Fiscal Studies, explores the mystery of our falling wages and finds out how it is related to how productive we are, but also to how wages themselves are shared out between the top earners and the rest of us.
Producer: Estelle Doyle
Contributors:
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