Interesting post discussing yesterday& #39;s wage figures. One point was that although low, wages growth has exceeded CPI, pointing to growth in real wages.

Given wages growth generally has to exceed CPI for real wages to remain flat, was this enough to give an increase? Let& #39;s see... https://twitter.com/GrogsGamut/status/1194721738799497216">https://twitter.com/GrogsGamu...

This ludicrously theoretical calculation shows that for singles with no dependants, the WPI increased enough to lead to real increases over most of the income range shown. Not so good where interactions with transfers complicates things...

Those interactions are worse where transfers spread over a longer income range (eg, where there are children), with big ranges where a WPI matching increase isn& #39;t quite enough.

And where the transfer system has some problematic design features, this gets worse...

I& #39;ve kinda given up thinking they& #39;ll ever be fixed.