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Old 07-02-2011, 09:42   #69
Ignitionnet
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Join Date: Jun 2008
Location: Leeds, West Yorkshire
Age: 47
Posts: 13,995
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Re: 'Shock' Contraction in the UK economy

Quote:
Originally Posted by Chrysalis View Post
I dont need to imagine it, for some its a reality.

In different parts of the country wealth growth is very different from each other, eg. round here during labour's boom it was unknown off to hear about above inflation pay rises so wage infation has been very restricted. Whilst in the south people are going on about how their wage's increased way above inflation. Now round here people are taking pay cuts to preserve their jobs, which to me is worse than a freeze.
That's nonsense. I know of virtually no-one who has received above-inflation pay rise and the only ones that come to mind are unionised. I have no idea where this comes from but there is no magical dividing line where pay settlements mysteriously get better even within the same company once one goes south of Watford.

There's no way people would tolerate a pay freeze for years on end, unprecedented.
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