Wages in Swansea and Neath Port Talbot among the worst performing across Wales
WAGES in Swansea and Neath Port Talbot are among the worst performing across Wales over the past four years, according to research from the GMB union.
The real value of average earnings of all employees living in Wales has dropped by 12.4 per cent between April 2008 and November 2012, according to a GMB study.
The figures show the average wage in Swansea has fallen from £22,660 in 2008 to £22,324 in 2012.
Average wages in Neath Port Talbot also fell during the same period from £22,646 to £22,353.
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Workers in Carmarthenshire fared slightly better as the annual earnings for employees in the county rose over the four year period.
Wages increased from £20,657 to £22,038. John Phillips, GMB Wales Secretary, said: "Consumer spending is the single biggest component of demand in the economy and with the real value of wages from employment falling there is no mystery as to why the economy is in a downward spiral.
"The replacing of full time permanent jobs with part time and temporary lower paid jobs is part of this.
"In both the public and private sectors GMB is organising active local campaigns in support of a living wage of £7.45 an hour (£8.30 in London).
"A living wage and pay rises to help hard pressed families as bills go through the roof are needed to boost the economy and stop the downward spiral."