Sunday, Feb 04, 2007
Or perhaps back to the good old days?
SUNDAY TELEGRAPH: LIAM HALLIGAN ARTICLE
Inflation is back and with a vengance - looks like those old trade union buddies will be turning up the heat for Gord.
Posted by orwell @ 08:59 PM (118 views) Add Comment
1 Comment
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1. Ticktock said...
Back to the bad old days of fair pay?
Business has simply got used to taking the piss over the last decade and the balance desperately needs addressing.
When workers fail to gain an inflationary pay rise, they are having their pay cut. Fighting for an inflationary rise is not greedy, it is simply an attempt to 'tread water'.
Company proffits have never been so high, share prices have never been so high,dividend payments never so high and CEO pay continues to blaze away from reality, but inflationary pay rises for workers? frowned upon as 'self defeating' by the snide advocates of capital, many of whom are of course currently mortgaged to the hilt and raising rents in order cover IR rises.
When rents and mortgages go up, so do workers demands for more pay. I wonder why landlords bidding up house values and raising rents is not considered 'self defeating' by the Torygraph in the same way as workers pay claims are? Why only the concern with the workers part of the inflationary 'spiral' ?