Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/913/23425

From The Socialist newspaper, 24 August 2016

Pay still below pre-crisis levels

Hackney council workers striking for better pay on 10 July 2014, photo Paul Mattsson

Hackney council workers striking for better pay on 10 July 2014, photo Paul Mattsson   (Click to enlarge)

Becci Heagney

There has been a lost decade for wage growth. Workers will have realised this, many getting pay freezes while the cost of living keeps on climbing up.

Figures released by the Office for National Statistics show the income of working households is down 400 a year on pre-2008 levels. The average hourly wage for both graduates and non-graduates fell by 20% between 2008 and 2013.

The forecast doesn't show much improvement, either. While inflation is still at historically low levels, it has increased and will continue to increase over the coming months. This will eat into wages, meaning we will feel the squeeze even more.

The pound is weak so imports are costing more. This hike in costs for the companies is being passed on to consumers. Food prices will rise. Railway companies are chomping at the bit to increase fares.

Rise

We desperately need a pay rise! In response to the rise in inflation, the Trade Union Congress has called for an increase in government spending on infrastructure to help the economy. However, they have said nothing about their policy of a 10 an hour minimum wage.

Bosses are using the excuse of the Brexit vote and uncertainty in the market to keep wages down while prices rise. But we can't wait any longer!

We can't afford another lost decade. The rich have doubled their wealth while workers continue to suffer. We need to organise to fight for our share.

Capitalism and its representatives offer no way out - it's cuts and crisis forever. Recent successful strikes by low-paid workers show what is possible. We need this type of fightback across the board.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 24 August 2016:


#KeepCorbyn

Kick out the Blairites

#KeepCorbyn: Answer right's attacks with firm socialist programme

Corbyn union nominations round-up and view from the workplace

#KeepCorbyn: huge support at rallies and among Labour rank and file


Socialist Party news and analysis

Black footballer's taser death: stop police racism now

Pay still below pre-crisis levels

Train fares to rise again - nationalise railways now!

500m on civil service redundancies in two years

Them & Us


International socialist news and analysis

Trump in trouble - political polarisation deepens

International news in brief


Socialist readers' comments

Readers respond to Trotskyist red scare smears by capitalist media

Would you call G4S for help over discrimination?

The Socialist inbox


Workplace news and analysis

Deliveroo strike action forces bosses to back down

Junior doctors set for further strike action

A day in the life of a call centre worker

Workplace news in brief


Save our NHS

Save our NHS!

The threat of private health insurance

Organise against secretive NHS cuts plans


Socialist Party reports and campaigns

Greenwich council tenants: We won't pay! We won't move!

Local estate agents back Butterfields tenants

Nottinghamshire Pride makes history

Immingham residents' housing battle


 

Home   |   The Socialist 24 August 2016   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Pay:

triangleIn defence of socialist feminism

triangleSave our NHS - oust the Tory wreckers!

triangleMajor private care operator puts thousands of vulnerable people at risk

triangleCardiff Central Socialist Party: Lessons from the Glasgow equal pay strike

triangleCable workers' Halloween picket line attempts to 'scare' management into talks

Workers:

trianglePolitical turmoil in Sri Lanka

triangleHow can Trump be defeated?

triangleHamilton posties walk out against bullying

triangle'Worker's death could happen again' at Leicester plastic factory

Inflation:

triangleBosses' pay up a fifth while workers' pay falls ...

triangleProfits up Wages down

triangleLeaked pay deal: fight for a genuine pay rise

Minimum wage:

triangleSave the high street: public ownership, not ghost malls

triangleUniversal credit = universal misery

Low-paid:

triangleTGIFriday workers at Stratford, London. TGI staff at a number of restaurants have been on strike against cuts in their tips.

Cuts:

triangleLiverpool Socialist Party: Next year's local elections

Reports and campaigns

Reports and campaigns

21/11/18

Fighting Fund

Step up fundraising for the Xmas Collectathon!

21/11/18

Nottingham

Stop Nottingham Labour's cuts to disabled travel!

21/11/18

Mansfield

Mansfield council must step in to save miners' park

21/11/18

Racism

Thousands march against racism - now Corbyn and unions must take lead

21/11/18

Rape

Solidarity with Irish rape trial protests

21/11/18

NHS

Save our NHS - oust the Tory wreckers!

21/11/18

CWU

Hamilton posties walk out against bullying

21/11/18

Arriva Rail North

Arriva Rail North under pressure after nineteenth Saturday strike

21/11/18

Leicester

'Worker's death could happen again' at Leicester plastic factory

21/11/18

Grimethorpe

Indefinite dinner ladies' and teaching assistants' strike

21/11/18

Ireland

Global opposition to victim blaming in rape trial

14/11/18

Socialist

The Activist issue 78

14/11/18

Swansea

Welsh Socialist Students campaign and meet in Swansea

14/11/18

Leeds

Leeds meeting backs striking rail guards

14/11/18

Newham

Newham by-election: We need anti-austerity councillors

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


November 2018

October 2018

September 2018

August 2018

July 2018

June 2018

May 2018

April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999