Average weekly earnings (after tax, etc.) are £13 lower than in March 2008, while total pay (including bonuses) are £33 lower than a decade ago. So, even as real wage growth turned positive for the latest UK employment data, growing by 0.4% year-on-year, the longer-term picture shows a decade-long stagnation of real earnings.
This comes as productivity growth has fallen in the first quarter of the year due to hours worked and persons in employment growing by 0.6% which outpaces GDP growth of 0.1%. The weak productivity growth picture continues to depress wages since output per worker is not growing well despite a recovering economy.