Posts Tagged ‘Interest Rates’

Falling real wages, and still the bastards whinge about inflation

by Jon Lansman.

Mervyn King recently pointed out that real UK wages in 2011 “are likely to be no higher than they were in 2005… One has to go back to the 1920s to find a time when real wages fell over a period of six years.” This, of course underestimates the drastic fall in living standards, since […]

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