Quote:
Originally Posted by jfman
And giving workers pay cuts in real terms puts downward pressure on wages in these hypothetical “high wage, high skilled” jobs. These jobs don’t exist in isolation exempt from the rules of the employment market.
Pursuing high wages as a result of an economy exhibiting high productivity of high value products and services is merely a soundbite if the underlying economic conditions don’t support it and the rising cost of living erodes any benefit.
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As I said - discussion of how likely this government is to deliver on that policy aim is perfectly valid. Just besides the narrow point you tried to make earlier.