Minding the gap – UK rewards to labour and capital differ significantly

Chart C - Poor wage growth is an international

Last week saw the release of labour market data for the UK. It showed: unemployment at a 1975 low of 4% employment at an all-time high since data was collated on this basis in 1971, at 75.2% of the labour force, and wage inflation rising at its fastest nominal pace since 2008, up 3.4% including …