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The credit crunch put many economic measures under strain as their limitations were exposed. Now the Covid-19 pandemic has broken several of them. In fact one is so broken I will get to it before the wildly inaccurate unemployment numbers which provides something of a perspective. So let me hand you over to the UK Office for National Statistics.
Growth in average total pay (including bonuses) among employees for the three months October to December 2020 increased to 4.7%, and growth in regular pay (excluding bonuses) increased to 4.1%.
If you subject this to a basic sense test you see that an economic depression has apparently created the highest wage growth for quite some time. Indeed if we use the low level of reported official inflation real wage growth has surged to perhaps the highest level this century! Sadly it gets worse.