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Insider UK
Insider UK
Business
August Graham & Peter A Walker

UK sees one of the biggest drops in OECD real wages

The UK saw one of the biggest falls in real wages among OECD countries, a new report from the organisation shows.

Real wages dropped by 2.9% between 2021 and 2022, according to the data, compared to a 2.3% drop across the bloc.

The new data from the Organisation for Economic Co-operation and Development (OECD) also showed that the UK had one of the largest falls in employment among the least well-educated because of the pandemic.

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