Stewart Wilson, of PwC, said: "Consumer spending - supported by recent rises in real incomes
- has continued to drive the Scottish economy.
In a bid to capture real incomes
of people, the government announced on Friday to make the 'treasure trove' of 53 million persons public, but it has not yet transformed the data into actionable information that may minimise the chances of its effective utility.
QNB analysis delves into the three main channels through which tariffs are expected to affect both the US and China, including net exports, real incomes
and financial conditions.
Colmenares, meanwhile, pointed out that decades of allowing regional wage boards to set minimum wages 'have eroded the real incomes
of workers,' thus, a law that would abolish the regional wage boards and reestablish a national minimum wage should be legislated.
But with growing signs that low unemployment is fuelling higher wage growth in advanced economies, real incomes
probably wouldn't be squeezed that much," said the report.
of the bottom 20 percent of Filipinos grew much faster than the rest of the population and unemployment among the poor dropped.
The highest rates of growth in real incomes
of the population recorded in Mangystau region and in the city of Astana.
"Employees have seen their real incomes
reduced, but more people are in work as a result."
Minimum wages have not been very successful in raising real incomes
, as they end up affecting employment, at least at the margin, negatively.
This has allowed cash-strapped households to keep on top of mortgage repayments, despite a fall in real incomes
, with lenders also relaxing debt demands through forbearance.
The problem is that of low wages and falling real incomes
for working class families, the Government is silent on this critical point.