Value of wages is down 17%; Flintshire worst hit county.
WORKERS in Flintshire have seen the real value of their pay slump by nearly 17% since 2008 - the fourth highest fall in the country.
Despite inflation rising by 17.8% in the UK over a five-year period up to November 2013, earnings in the county have risen by only 1%.
In 2008 the average annual wage was PS22,217 but as of last year that figure had only gone up by PS247 - a 16.7% slump in the real value of earnings.
Conwy workers were hit with the second biggest slump in the region, seeing their average earnings fall by 14.6%.
They were followed by Wrexham (13.6%), Denbighshire (12.7%) and Anglesey (6%).
Gwynedd (3.3%) had the smallest fall in the region but the county had the lowest average annual wage in 2008.
Employees were earning just PS18,574 compared to PS21,261 in 2013 - an increase in pay of PS2,687. The lowest earners in North Wales are now Denbighshire with an average annual wage of PS20,565.
The highest average annual earners in the region in 2008 were Wrexham employees (PS22,391), and that remained the case up to 2013 with workers paid PS23,327.
The biggest losers in the country are Bridgend workers who have seen the real value of their pay slump by 20%.
The average drop in Wales as a whole is 12.5%.
The worst hit workers in the UK are Hammersmith & Fulham who have seen their earnings slump by nearly half.
The research was conducted by the GMB union who say workers need a decent pay rise to halt the drop in living standards since the start of the recession.
General secretary Paul Kenny said: "Working people deserve and need a decent pay rise to halt the drop in living standards."
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|Publication:||Daily Post (Conwy, Wales)|
|Date:||Mar 8, 2014|
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