{"id":7314,"date":"2023-07-11T08:20:00","date_gmt":"2023-07-11T07:20:00","guid":{"rendered":"https:\/\/www.pjamesfs.com\/?p=7314"},"modified":"2023-07-12T08:23:45","modified_gmt":"2023-07-12T07:23:45","slug":"wage-growth-was-7-3-from-march-to-may-in-blow-to-bank-of-england","status":"publish","type":"post","link":"https:\/\/www.pjamesfs.com\/wage-growth-was-7-3-from-march-to-may-in-blow-to-bank-of-england\/","title":{"rendered":"\u201cWage growth was 7.3% from March to May in blow to Bank of England\u201d"},"content":{"rendered":"<p>It\u2019s very easy to point fingers at the memory of, just a couple of short years ago, the promise of a \u2018high wage economy\u2019 being a good thing. So I will. Remember, these higher-than-expected wage growth figures are an average, and if you dig down, it\u2019s the earnings of the top 10% which are pushing up those averages. The lower paid, yes, are earning more, but not in real terms with inflation still around 8%. And there really is no point in Chancellor Jeremy echoing calls for wage restraint and asking companies to reduce their profits. You can\u2019t have it both ways, praising the free-market and then asking it to give up its freedom voluntarily. Like asking Djokovic to miss a few to give the others a chance. And, no, I don\u2019t have all the answers. But the scary thing is, neither do those who are supposed to.<\/p>\n<p><a href=\"https:\/\/news.sky.com\/story\/shock-tick-up-for-wage-growth-to-7-3-in-blow-for-bank-of-england-12918381\" target=\"_blank\" rel=\"noopener noreferrer\">Read more here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s very easy to point fingers at the memory of, just a couple of short years ago, the promise of a \u2018high wage economy\u2019 being a good thing. So I will.<\/p>\n","protected":false},"author":1,"featured_media":6951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[15],"tags":[1121,161,94,229,693,72],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/posts\/7314"}],"collection":[{"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/comments?post=7314"}],"version-history":[{"count":3,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/posts\/7314\/revisions"}],"predecessor-version":[{"id":7317,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/posts\/7314\/revisions\/7317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/media\/6951"}],"wp:attachment":[{"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/media?parent=7314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/categories?post=7314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/tags?post=7314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}