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April 16, 2014

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Boffy

There was an important and interesting point mentioned on CNBC. If you take out "Bonuses" from the figure, wages rose by only 1.4%, which is still less than the rigged inflation figure.

In other words, the City bankers and their bonuses continue to have a significant effect on the economy!

Ben

Boffy this is spot on.

From Arse To Elbow

When a consensus develops that a recovery has arrived, some employers will initiate wage rises for their more valuable staff as a precaution against itchy feet, so this may in part reflect employer expectations, particularly in high-churn sectors like banking.

gastro george

Re bonuses, it would also be interesting to see wage rates by decile, even the median, rather than only seeing average wages.

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