The Mudcat Café TM
Thread #110676 Message #2325110
Posted By: Backwoodsman
25-Apr-08 - 05:47 AM
Thread Name: BS: Teachers on strike UK
Subject: RE: BS: Teachers on strike UK
"Would you agree with me that all of us should see our income rise by AT LEAST the rate of inflation annually?"
No Don, I wouldn't. Going down that road FUELS the very inflation you're moaning about. It's a basic fact of Economics, and it's one of the factors that drove the runaway inflation of the 70's (or was it the 80's - my brain's tired?).
The better control is to encourage hard work and maximise production, control public spending, and hold down income inflation. That way, prices don't rise (or not as fast), so no need for big pay-increases chasing prices. IMHO of course.
Easy to say, but not so easy to do.