Next month we will be treated to the familiar spate of end of year reviews. Amid all that copy we can expect a regular theme to be that this was (another) year in which all the forecasts of a rise in earnings for workers were proved wrong.
Inaccurate economic forecasts, especially when it comes to wages, are so common as to not merit much attention. But this year was supposed to be different – and there were reasonable grounds for thinking it would be.
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