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A comment on UK ‘barking up wrong tree’ trying to get over-50s back to work. Parent comment

Re:UK ‘barking up wrong tree’ trying to get over-50s back to... by ta1243 on Monday February 20, 2023 @05:31PM (#34873833)
The problem is the decimation of the middle earners, the ones that drive the service economy. More and more of their income (especially in London) is taken by rent and bills. Lower earners have had massive payrises - 24% in real terms since 2010. Median earners are up just 2.8% in real terms since 2010

From 2010 to 2023

Minimum wage has risen 76%

House prices have risen 76%

State Pension is up 52%

Median earnings is up 45%

CPIH inflation is up 41%

NHS Band 7 salaries (41-47k) are up 37%

[ Parent | on HN ]

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