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John Oxley: Low wages may be rising but wage compression is the problem everyone ignores
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John Oxley: Low wages may be rising but wage compression is the problem everyone ignores
Successive Chancellors have raised the floor of what people can earn – Conservative ones included. That has done well for the lowest-paid, but combined with stagnating productivity, those above have been compressed. Middle and higher wages have struggled and household disposable income has barely grown.
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29 Oct, 06:20