Value of Fife employees’ pay is falling

Fifers' earnings have risen since 2008, but haven't kept up with inflation.
Fifers' earnings have risen since 2008, but haven't kept up with inflation.
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The average earnings of full-time employees in Fife has fallen by more than seven per cent in real terms over the last seven years.

Figures released by the GMB have revealed the mean gross earnings of workers in the Kingdom rose from £27,236 in 2008 to £30,897 in 2015 – a rise of 13.4 per cent.

But when inflation is taken into account, the real value of Fifers’ earnings has dropped by 7.1 per cent, slightly more than the Scottish average.

Gary Smith, acting GMB Scotland secretary, said: “Since 2008 the cumulative inflation has been 20.6 per cent. During this period, pay in Scotland has gone up by 13.8 per cent, so the pay of the average full-time workers down by 6.7 per cent in real terms.

“This has had a deflationary impact on Scotland and has impacted on the tax take by the Chancellor to pay for essential public services.

“In the autumn statement the Chancellor predicted that the economy would grow steadily each year to 2020 when it would be 12 per cent bigger than now. People in Scotland will want to see that growth translating into pay rises above inflation to make up the lost ground.”