Interesting Fact - Wages

The latest government figures, from the Office for National Statistics, show that on average British wage-earners have taken a £5,000 pay cut over the last five years.

(Wages and salaries for the middle fifth of non-retired households fell from £33,100 in 2007-08 to £28,300 in 2011-12. Over the same period original income, which is the income households get from employment and investments, fell from £37,900 to £32,600, while cash benefits rose from £3,100 to £4,600.

We can't blame the recession either, as the figures show that the decline predates the big slump.

How does that song go?  The rich get richer and the poor get poorer. )

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