- Oct 12, 2022
- 2,684
It isn’t unreasonable for workers in any sector to expect their wages to cover their basic living costs and provide a bit extra besides.
This stopped being the case about 24 months ago, and with the most recent increases in food and fuel (both home and vehicle) many are having to turn to credit to fund basic requirements such as vehicle maintenance, and any discretionary spending at all. This is not sustainable. You can not ask workers to work for less than it costs them to maintain their household.
These recent inflationary pressures are not driven by wage increases, but substantial wage increases will be required across public and private sectors to deal with them. There’s no way around that without a sustained deflationary period, which is looking highly unlikely.
I absolutely agree that the books need to be balanced, and so this means tax rises, regardless of which party is in power. There is no feasible alternative outside of reducing what government does substantially and closing entire departments.
This stopped being the case about 24 months ago, and with the most recent increases in food and fuel (both home and vehicle) many are having to turn to credit to fund basic requirements such as vehicle maintenance, and any discretionary spending at all. This is not sustainable. You can not ask workers to work for less than it costs them to maintain their household.
These recent inflationary pressures are not driven by wage increases, but substantial wage increases will be required across public and private sectors to deal with them. There’s no way around that without a sustained deflationary period, which is looking highly unlikely.
I absolutely agree that the books need to be balanced, and so this means tax rises, regardless of which party is in power. There is no feasible alternative outside of reducing what government does substantially and closing entire departments.