Workers in the United Kingdom are set for the “worst real wage squeeze” among G7 nations, new Trade Union Congress (TUC) analysis of The Organization for Economic Cooperation and Development (OECD) figures revealed in mid-July, and one analyst thinks it’s safe to short European assets, like the Euro, — which shed nearly 10% of its value in 2022 — here’s why.
As increased prices eat away at paychecks, wages spiral downward rather than up during inflationary periods. Paycheck amounts will increase, but not quickly enough for their true value to surpass inflation.
