"Low pay reflects Britain's dismal record since the recession when it comes to productivity: output per hour worked remains 2.2% below its pre-crisis peak and 16% below its pre-crisis trend. The recession caused less unemployment than elsewhere, but real wages fell instead as productivity tanked. That is fortunate in some ways, as unemployment has acute and concentrated costs. But those in work are badly in need of some respite". ~ #economist, p32 (October).
Or, in other words: some people are fatigued by work more than ever, there is more overturn capable of sustaining a wage, however because of the recession and its prenatural causes, most people still can't get jobs, because there aren't enough of them to go round.
Or, in other words: some people are fatigued by work more than ever, there is more overturn capable of sustaining a wage, however because of the recession and its prenatural causes, most people still can't get jobs, because there aren't enough of them to go round.