UK workers have seen a 10.4 percent drop in real wages between 2007 and 2015 despite there being more jobs. The Trade Union Congress (TUC) has found that since the financial crisis such a large drop in real wage has only been seen in Greece out of all OECD countries. The TUC has exposed the notion that due to record high employment rates of up to 74.7 percent in the country, there has been an after effect that has caused the lowering of real wage rates for workers. In the past year the country has seen a low inflation rate which has helped raise the wages again but economists fear that with Britain leaving the EU this recovery will end soon.
