They are still falling, with an average fall of 14% since 2008 due to inflation. This means that for every £100 you used to have in your pocket in 2008, you now have the spending power in your pocket of £86. It is actually worse than this if you are on the breadline as the essentials inflation of water, food, energy and a roof over your head have all gone up more than the average for inflation. This is why more and more people are struggling to scrape by.
http://www.dailymail.co.uk/money/news/article-2531068/So-struggling-pay-bills-Average-pay-slumps-half-regions-recession.htmlThe CBI is calling along obviously with the unions for workers to benefit from the upturn in the economy, with above inflation wage rises, providing it continues to grow strongly, but I think they are going to be sadly disappointed.
The quickest way for wages to rise is through labour shortages. With a massive pool of young unemployed labour in the EU and with an hours minimum wage in the UK being more than many earn in a day in eastern Europe there is a ready pool, of English as a second language, seeking a better life and making the UK the destination of choice when looking for work. So for the unskilled, semi-skilled and many of the skilled, I think above inflation wage rises are unlikely for the majority, only for the few very skilled who are in demand.
The only way to change this is to leave the EU and restrict the free movement of people from the EU, and indeed all immigration worldwide seeking employment in the UK, unless it is a skilled job and the employer proves that they can't recruit somebody from the UK. The only political party currently committed to this new sort of relationship with the EU and tightly restricting immigration is UKIP.
What are your views, should things stay as they are, so wages continue to drop and the UK becomes more globally competitive (our balance of payments are dreadful, which this should help), or should we be restricting access to the UK for people from abroad wanting to work here, so labour shortages forces living standards to rise again for the many?