The Great Stagnation in the UK. Russ Roberts

Rise in real earnings % 1978-2008 (male full-time)

Medical practitioners
153
Judges, barristers, solicitors
114
Secondary school teachers
67
Quantity surveyors
65
Accountants
60
Welfare/social workers
60
Median (mid-point of sample)
57
Electrical and electronic engineers
55
Bricklayers
37
Architects; town planners
36
Mechanical engineers
34
Skilled motor mechanics
34
Carpenters and joiners
30
Plasterers
30
Toolmakers/toolfitters
21
Heavy goods vehicle drivers
19
Bus and coach drivers
11
Sheet metal workers
8
Bakers
-1
Packers, bottlers, fillers, canners
-3
Fork lift truck drivers
-5


So the median (worker? occupation?) grew a measly 57 percent in real terms over 30 years. That’s 2% per year. That’s a crisis? That requires radically transforming society? They’re even crazier across the pond than we are here.





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