This is quite a contradiction from the recent talk about demographic pressure leading to a wage turnaround.<p><a href="http:&#x2F;&#x2F;www.bbc.com&#x2F;news&#x2F;business-34488950" rel="nofollow">http:&#x2F;&#x2F;www.bbc.com&#x2F;news&#x2F;business-34488950</a><p>&quot; Taking just wage growth, simply put (and for more detail follow the links above), an end to the global labour glut should see real wages (wages accounting for the change in prices) start to rise at a faster pace. An ONS report of 2014 found that UK real wages in the 1970s and 1980s grew by an average of 2.9% a year.&quot;<p>so which is it? too many people or not enough?