Rising inflation … can't blame the workers this time

Latest UK labour market snapshot shows 70s model of wage-price spiral is dead and adds to argument against interest rate riseReal wages fall despite low levels of unemploymentDon’t blame the workers for the highest inflation in more than five years. That’s the message from the latest monthly snapshot of the labour market showing that earnings growth is stubbornly low despite the lowest jobless rate since the mid-1970s.Back then, any pick up in the cost of living would lead to a deman