UK wages DOWN 10%, only worse than Greece; Germany UP 14%, France 11%, Poland 23%

[drew]

UK wages DOWN 10%, only worse than Greece; Germany UP 14%, France 11%, Poland 23%

Very misleading statement......The fact is wages have climbed every year....but not as much as RPI to tune of av 1.3% year over eight year period.


I could Headline "UK wages up 100%"..............which is true over say 20 years

Isn't it more relevant to compare it to what you can buy with those wages?

 

[drew]

Strange - Mrs W was made redundant 3 weeks ago and has just picked up a job worth an extra 27%+ ..... yes wages are being depressed .... not

Well done to Mrs W but really, pointing out one instance to the contrary hardly is indicative of the trend shown in the report.

 

[Guy Fawkes]

Builders pay is down because of too many workers...yet there are too few houses...hang on...

With the average price of a house now just over £200,000 and rents in the private sector soaring in parts of the country, many observers argue that the UK is in the grip of a housing crisis.

In London in particular, entire developments containing hundreds of flats are often sold before construction has even begun.

The failure to build enough homes means that millions of people are stuck renting when they would rather be living in a home they own.

The housing charity Shelter says the shortage is "enormously damaging, socially as well as economically" and is forcing a quarter of those aged under 35 to stay living with their parents.

Just 125,110 homes were built in England in the year to March, according to government figures. That is about half as many needed to keep up with demand, and the problem is compounded every year.

The National Housing Federation estimates that compared with demand, there is now a shortfall of more than half a million dwellings.

One issue is where do you build them? areas like the South East that needs a lot of new housing tend to have very few available sites and when building does go ahead, they tend to build retirement homes rather than low cost housing to help those struggling to get onto the housing ladder.

Then add in Nimby-ism and the environmentalists demanding that we don't build on our fields / in the countryside. The result is that there just arn't enough house-building projects to meet an ever rising demand.

Wages are suppressed because of this lack of building which would make the builders in demand even more and force up wages as a result. Add in that there is now a bigger pool of labour available to employers because of economic migration which counters wage increase pressures by increasing the supply of labour, keeping wages down (also add in those that come from mainly eastern Europe who live several to a property and are prepared to work for around half the usual UK wage to carry out the same role and that too forces wages down and those who have worked their whole life in the UK building industry have seem their wages drop and some have even had periods of unemployment where they always had work before, even during recessions)

 

[Hampster Gull]

Strange comment! Who do you think agrees the salaries of the CEO then?

For large companies Corporate governance requires an independent non executive remuneration committee to decide. And no, they are no all CEOS from other companies. Who do you think decides?

 

[The Merry Prankster]

We are a surveying company. We are the canary of the construction industry. We are always the first to suffer and the first to recover. Our order book has more than halved. Way, way worse than 2008. The first side of our business to suffer is always geological and archeological surveying. In the dept that helped to locate the tomb of Richard III (probably the best in the country) we've had to lay off 12 out of 21 surveyors. This will all be reflected in the industry figures over the next few months. For construction - it's disastrous.

 

[beorhthelm]

Strange comment! Who do you think agrees the salaries of the CEO then?

For large companies Corporate governance requires an independent non executive remuneration committee to decide. And no, they are no all CEOS from other companies. Who do you think decides?

oh, i know... its the market. the renumeration committee need to justify and qualify the package so they ask some recruitment consultant what the average going rate is. they obviously dont want to pay just the average because they want a good CEO, so they add a bit on and there you are. as a consequence of course, they increase the average for the next consultantion, so on up the salaries go.

 

[drew]

For large companies Corporate governance requires an independent non executive remuneration committee to decide. And no, they are no all CEOS from other companies. Who do you think decides?

And aren't most of those 'non executives' former directors etc of other companies?

https://www.theguardian.com/business/2014/may/22/bt-gavin-patterson-bonuses-pay-chief-executive


So former CEO of a Sky is chair of the remuneration committtee at BT.

GSK have a remuneration committee chaired by Urs Rohner who happens to be chairman of Credit Suisse.

Suspect there are endless other examples but they were the first two I checked.

 

[5ways]

We are a surveying company. We are the canary of the construction industry. We are always the first to suffer and the first to recover. Our order book has more than halved. Way, way worse than 2008. The first side of our business to suffer is always geological and archeological surveying. In the dept that helped to locate the tomb of Richard III (probably the best in the country) we've had to lay off 12 out of 21 surveyors. This will all be reflected in the industry figures over the next few months. For construction - it's disastrous.

 

[CheeseRolls]

It's been getting worse cor the past decade. They are literally stealing jobs from our youngsters and no one seems to want to do anything about it. The state keeps giving them more, but they are never satisfied.

Oi pensioners how about living of your pension and letting the youngsters earn some cash.

 

[atfc village]

10 years ago i was earning £11 an hour labouring on site and i'm not getting anywhere near that now. I can't think why not.

 

[fat old seagull]

While we have nasty billionaire employers like Philip Green and Mike Ashley lining their pockets and treating their staff like sh*t.

I wonder if there is a connection between exorbitant pay at the top, and poverty wages at the bottom. Or is it just coincidence?

In defence of Philip Green and Mike Ashley the defence would wish to point out that err, mmm, err .....we rest our case M'lud.

 

[Hampster Gull]

And aren't most of those 'non executives' former directors etc of other companies?

https://www.theguardian.com/business/2014/may/22/bt-gavin-patterson-bonuses-pay-chief-executive


So former CEO of a Sky is chair of the remuneration committtee at BT.

GSK have a remuneration committee chaired by Urs Rohner who happens to be chairman of Credit Suisse.

Suspect there are endless other examples but they were the first two I checked.

Exactly. Independent. And of a higher status than a CEO