Economic Progress

Wages: Why are they not keeping up with inflation?

Rising inflation is reducing the real wage value of workers. Image: Unsplash/ Dai KE

David Spencer

Professor of Economics and Political Economy, University of Leeds

Share:

Our Impact
The Big Picture
Explore and monitor how Economic Progress is affecting economies, industries and global issues
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale

Stay up to date:

Economic Progress

Regular pay is net of things like overtime, bonuses and benefits insurance; CPI = consumer price inflation. Image: The Conversation/ONS

Y-axis is real average weekly wages (£) Image: The Conversation/IbisWorld

Government is aiming to raise £5 billion with a windfall tax on oil and gas companies. Image: The Conversation/Mr.PK
Discover

Beyond GDP: read the full transcript here

Have you read?

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:

Economic ProgressWorkforce and EmploymentFuture of Work

Share:

Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

Why some nations are wealthier than others – and what it means for future prosperity
About Us
Events
Media
Partners & Members
Language Editions

Privacy Policy & Terms of Service

© 2022 World Economic Forum