UK Workers Would Be £4,000 Better Off If Wages Kept Pace With US
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British workers would be more than £4,000 ($5,178) a year better off if wages had kept pace with their American peers since the financial crisis, according to new analysis that lays bare the cost of the UK’s dismal productivity performance.
The National Institute of Economic and Social Research, a London-based think tank, warned Wednesday that the poorest parts of the UK are now worse off than their peers in Slovenia, Malta and Lithuania after the weak wage growth in recent years.