Hey there! Sign in to join this conversationNew here? Join for free

Big blow to Corbyn as GMB members vote to back Smith Watch

    Offline

    16
    ReputationRep:
    (Original post by KimKallstrom)
    You should seek medical attention*
    Like people who won't vote Hillary, people who vote for an independent UK, and people who want the EU to break up, yeah?

    All totalitarians pathologize opinions they dislike.
    • Political Ambassador
    Online

    21
    ReputationRep:
    Political Ambassador
    (Original post by Aliccam)
    I think you are confusing wage growth with real wage growth, or using a very selective period. Here the relevant section from a more recent report.
    So you're saying that with average nominal wage growth of just over 2%, and inflation of near zero, real wage growth is still negative? How about that while inflation is starting to increase again so is wage growth meaning real wage growth is continuing? Or that a very significant portion of your 12% figure comes from 2009? We've had real mean wage growth for nearly two years now.
    Offline

    2
    ReputationRep:
    Not surprisingly really. Corbyn will still win though.
    Offline

    2
    ReputationRep:
    (Original post by Jammy Duel)
    So you're saying that with average nominal wage growth of just over 2%, and inflation of near zero, real wage growth is still negative? How about that while inflation is starting to increase again so is wage growth meaning real wage growth is continuing? Or that a very significant portion of your 12% figure comes from 2009? We've had real mean wage growth for nearly two years now.
    I suppose it is always possible to pick the best bits out of any chart. The only reason real wages have increased a little recently is that we have almost negative inflation. The thing with negative inflation is that is is rarely negative on the main expenses lower earners can't avoid, like rent, rates, energy, travel. We are still around 9% below where we were in 2008. This is also distorted a bit as wages for the highest earners have been increasing.
    This discussion started as being about people being less happy with the Tories on the economy because they are feeling poorer, and they quite clearly are still, and have been for a while now. This is starting to filter through as people use up their saving or stack up their credit.
 
 
 
Reply
Submit reply
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Updated: August 17, 2016
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Have you ever participated in a Secret Santa?
    Useful resources

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.