Thread: Britain outside the EU
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Old 09-06-2022, 17:44   #4108
jfman
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Re: Britain outside the EU
Quote:
Originally Posted by Chris View Post
Ok, once more …

Pursuing high wages as a result of an economy exhibiting high productivity of high value products and services, and resisting wage demands resulting from inflationary pressure, are not contradictory positions. It really is that simple. You are the only one here that seems confused about it.
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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