Claim: There has been a record fall in real wages.
Fact-check: Real wages fall sharply—but not by 'record' amount when using best measure - Full Fact
Verdict: there has been a very large fall in real wages, but it is only a record  if you exclude bonuses. real average total earnings fell more during the financial crisis, and other historic data suggests regular pay fell very steeply in real terms during the 1970s.
Organisation: Full Fact
Author: Leo Benedictus
Date published: 2022-08-19T00:00:00