Public sector workers first to face cut in real pay, says thinktank
When I left a decent University at 21 with a reasonable degree there was a notion of public service. No-one batted an eyelid when I went to work in Local Government as a respected profession. Many of my colleagues now feel like punch-bags. Some people now raise an eyebrow when I talk about having an MA in Public Administration from a Polytechnic. This article helps chart how things have changed for the worse. It tells us:
Public sector workers have become the first group to suffer a cut in real wages since the recovery of 2014 as forecasters predicted that the rest of the working population would follow suit later this year.
The Resolution Foundation said the situation for 5.4 million public sector workers is expected to worsen over the rest of the decade as pay restraint and high inflation eat into their take-home pay and living standards.
The independent thinktank forecast that median real pay for the average public sector worker would fall below 2004-05 levels by the end of the current parliament in 2020.
On current trends, the average pay of public sector workers will be £1,700 lower in 2020 than its peak in 2010, it said.