Mystic Mac
cauliflower ears not golden ears....
But we’re not a high wage economy, real wages have generally fallen since 2008.
At the same same household debt has risen (https://www.uk-debtservice.co.uk/news/uk-debt-statistics-2021/) which suggests that increased sales of clothing, electronics and plastic tat is driven by debt rather than high wages.
The UK has the largest low wage sector in Western Europe, as in 20% of the workforce is low wage. Whereas France low paid sector makes up around 10% and Denmark is around 8%.
The UK economy has a massive dependency on consumption, which itself is bolstered by population growth.