Wales has lost more than £2bn from job cuts and shrinking pay packets accoring to the TUC.
It has used government figures over the last five years to calculate what it is calling the national pay packet.
But what does it mean to all of us as we work out our weekly spending?
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Carl Edwards has the latest edition of Newsweek Wales
The bitter rivals looked neck and neck over the first eight rounds, but Bellew crucially found the extra gears to win
Wales held a 16-15 lead over the world champions with 11 minutes remaining but the hope of a first victory was destroyed in the final stages