Oddbean new post about | logout
 nostr:npub1t9thr33vvjt7j6p5mqn7rgxyut5wv4phtann5sjrgqh5hsnzcn7sexs4m5 nostr:npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 You would be surprised how far you can screw workers. Wages in real terms are declining. And as someone else pointed out, UK businesses are *really* poor at horizon planning – it’s quarter by quarter stuff and sod what happens next year, let alone in five years time. 

https://www.theguardian.com/business/2023/jan/17/real-terms-uk-pay-fell-fastest-20-years