The Endless Wage Fall
More people live below poverty line now than in the 2008 recession – and pay is set to decline again
A THIRD more people working full-time are struggling to get by on wages which have fallen below 2008’s recession rates, according to a study released yesterday.
And when added to Tory welfare cuts, Britain’s flatlining pay rates and lack of opportunities have pushed a staggering 28 per cent of the population (11.6 million) to the point where their incomes are below minimum standards.
This compares to poverty rates which hit 21 per cent in 2008-9, at the start of the bankers’ recession. The number is expected to grow further in future with cuts to the Universal Credit benefit system.
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