Why do wages continue to stagnate in the UK as unemployment falls?

Johns, G. (2014). Why do wages continue to stagnate in the UK as unemployment falls?
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The ONS released figures this week showing expanding employment while wages continue to stagnate. What is behind this puzzling picture? Geraint Johnes writes that the slack that has remained in the labour market, in the form of the underemployed and self-employed, offers one explanation for sluggish wage performance.

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