Anyone who wants to argue credibly must say that the cuts will have exactly the opposite effect to what is intended. Every cut in the #social sector or elsewhere destroys jobs. #wage cuts also destroy jobs! Anyone who, like the #German Chancellor, wants to reduce #labor costs will destroy jobs.
Understanding the power18 January 2026 Courtesy freepik.com Wires crossin electric fenceThe safeguardsat a lossThe blood thickening is densefrom multiple shardsI walk lanesin darkest of woodtravel …
US #labor market dynamic, chart @JPMorganAM my two cents: Since the early 1980s, US #wage growth has been structurally constrained by #unemployment, and the post-pandemic wage surge was a temporary deviation rather than a regime shift—making the current reversion entirely consistent with a labour market that systematically generates #affordability stress.