And there you have it. The inflation rate is the excuse for eternal wage restraint (as I said before, low inflation = you don't need more money, high inflation = you must not have more money because … (View Post)

Another milestone is passed today in the long process of Covid disappearing in society's rear view mirror. Some random impulse motivated me to look at the UK Government data dashboard for the first t… (View Post)

The Government and businesses alike are eternally arguing for wage restraint. On the one hand, if inflation is low then the plebs don't need more money. On the other, if inflation is high then the pl… (View Post)

The fundamental problem, which all advanced societies seem to share, is with the cost of living - and that did not, of course, spontaneously flash into existence with the invasion of Ukraine. Having … (View Post)

If inflation is low then people can get by without pay rises. If inflation is high then people must be told to get by without pay rises, because otherwise there will be a death spiral. It's remarkabl… (View Post)