Emeritus Prof Christopher MayJun 25, 2023

So it seems the 'wage-price' spiral may not be a complete figment of political rhetoric; its just that its not #publicsector or the #lowpaid who are the one's receiving #inflation inducing pay rises... no, its the top 1% of earners who are actually the one's getting pay rises above inflation.

It makes further mockery of the notion that striking #NHS #workers & others are the greedy causes of inflation.

Blaming workers for this inflation is not analysis its #classwar

https://www.theguardian.com/money/2023/jun/25/union-fury-as-figures-show-pay-rises-among-top-earners-driving-inflation

Union fury as figures show pay rises among top earners driving inflation

The best paid have had the highest wage hikes, but the majority of the workforce has seen salary growth fall, according to ONS data

The Guardian
Show threadSteven Heywood

@ChrisMayLA6
There's something a little off with very rich people telling the country that we must cut inflation by making things more expensive for companies as much as mortgage owners while increasing the spending power of very rich people.

#TrickleUpEconomics
#ToryIncompetence

Jun 25, 2023 at 11:55amWeb