Quote Originally Posted by DryCleaning View Post
inflation has been less than 2% pa since 2008, save for very recently when the post pandemic supply chain issues and the war on Ukraine have seen price rises not seen since the early 70s.
Ok so let's say you're right and that inflation has only gone up 2% a year which over 14 years is 28%. (I believe its gone up far higher, housing costs have gone up higher than 28% as has electricity, gas and fuel).

According to this source wages have gone up by only 21%. Which is a 7% reduction. https://www.statista.com/statistics/1002964/average-full-time-annual-earnings-in-the-uk/

I'd also argue that average wage is a poor metric to compare against and median wage would be better due to inequality growing.