Chart of the Day – Wages outstripping inflation

There was much fuss during the election campaign from Labour about wages and inflation. Labour claimed during the election that inflation was outstripping wages. They ran extensive advertising to that effect.

A few days ago the EPMU has sent out a newsletter to their members and it has the above graph in it proving that Labour’s entire campaign was based on a lie. Using the EPMU’s own figures we can see that wages have in fact outstripped inflation.

Plus over the same 5 year period quoted by the EPMU, average weekly full time earnings (before tax) have gone up 19.5%. So if the EPMU has only been getting 17% wage increases then they are behind the game – non-unionised workers have got more than this.

The EPMU have called Labour on its lies, good on them for their honesty.  Labour claimed during the election the “fact” that inflation was rising faster than wages.  They also had billboards.

Funny how the EPMU have now used this argument of rising wages to justify the increase in fees.  Opportunist much?

Because wages have gone up 17% and the rises are outstripping inflation, the Union thinks it is ok that their fees have gone up by 12%.

Basically the Union is arguing that wages are rising faster than inflation.

Maybe they should tell Labour.

Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.