Labour market· Pay What a drag: The chilling impact of unemployment on real wages 19 September 2012 by Paul Gregg and Steve Machin Real wage growth in the UK labour market, since around 2003, has slowed down and stagnated. This report documents the nature of real wage changes across the wage distribution over the last three decades, showing that the recent period of stagnant real wage growth represents a distinct break of trend that pre-dates the onset of … Continued READ MORE