Today's headlines will say wage growth (year on year) has risen to 6% (although once we allow for inflation, growth in real wages is nothing like that).
But the real issue is are real wages back to what they were before 2008, allowing workers to make up for a lost 15 years of falling living standards?
The answer is, for many, no!
So when Andrew Bailey & Rachel Reeves warn us that this stokes 'inflationary pressures' recall whose ever increasing wealth is ignored!