Are Britain's Shortages Actually Increasing Wages? Johnson Claims So... - TLDR News

The video discusses Prime Minister Boris Johnson's appearance on the Andrew Marr Show, where he addresses the UK's supply shortages. Johnson argues that the disruptions are necessary for improving wages and reducing reliance on low-paid immigrant labor. The video explains the difference between nominal and real wages, highlighting how wage increases can lead to inflation. It also examines the debate on immigration's impact on wages and analyzes ONS data, showing that while nominal wages may rise, real wages could be affected by inflation.

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