Falling real wages are stifling the economic recovery

As can be seen  in the post below, local government workers are suffering real terms pay cuts. The same is happening to many other workers across the public and private sectors.

If you read this article, you can see that this is not only bad for us as individuals but for the country as a whole. The economic recovery is being stifled by low wage growth. Without wage increases, consumer spending can’t go up. And consumer spending is the engine that drives much of the economy.

Policy-makers need to listen to trade unions and their members and realise that healthy wages growth is necessary for a healthy economy and a balanced recovery.

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