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"It can be a couple of months but it can also be a couple of years," he said. "If the jobs are really lost due to outsourcing or AI, then unless we find in a couple of years actually we still need those people and replacing them didn't work, then those jobs are gone."
Are wetter winters and frequent flooding here to stay?
But analysis from the Nuffield Trust think tank suggests pay has fallen 5% since 2008 if CPI is used, compared with nearly 20% with RPI.