Over the last five years, workers in Wales have taken a massive hit in their pay packets, while thousands more have had to reduce their hours or take lower paid work. Many people have lost their jobs altogether.
Taken together, our pay and jobs crises have shrunk Britain's total annual pay packet by more than £50bn, with workers in Wales losing £2.3 billion altogether. It's no wonder businesses are struggling when so much demand has been sucked out of the economy.
Shrinking wages are hitting people's living standards, holding back businesses and damaging our growth prospects.
More top news
Lots of cloud around this morning with the chance of showers in places, but an improving picture this afternoon.
The Royal London One-Day Cup match being played in Cardiff has been abandoned due to a 'dangerous pitch'.
A series of crashes on the A470 have led to traffic disruption