The examination by the UK’s Trades Union Congress found that wages had fallen most sharply in Britain and Greece, where they were both down 10.4%. The only other nation among the 29 examined to see a fall over the same period was Portugal, where real wages fell by an average of 3.4%.
Across the whole of the Organisation for Economic Co-operation and Development during this period, wages grew by an average of 6.7% according to the review.
Poland saw growth of 23%, Germany 14%, and France 11%.
Country | Real wage change (%) |
Greece | -10.4 |
UK | -10.4 |
Portugal | -3.7 |
Italy | 0.9 |
Czech Rep | 1.1 |
Ireland | 1.6 |
Spain | 2.8 |
Netherlands | 3.4 |
Denmark | 4.0 |
Lithuania | 4.3 |
Israel | 4.3 |
Finland | 4.3 |
Belgium | 4.4 |
Japan | 4.7 |
Latvia | 4.9 |
USA | 6.4 |
Austria | 6.5 |
OECD average | 6.7 |
Slovenia | 7.2 |
Australia | 7.2 |
Hungary | 9.3 |
Canada | 9.4 |
Sweden | 10.1 |
France | 10.5 |
Luxembourg | 11.1 |
Switzerland | 11.3 |
Slovakia | 12.3 |
Estonia | 13.4 |
Germany | 13.9 |
Poland | 23.0 |
