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Alistair Darling, the chancellor of the exchequer, exhorts wage restraint, and with reason.
Such measures should raise productivity growth, but wage restraint will still be needed to restore competitiveness.
German workers are pushing for higher pay too, after a long period of wage restraint.
German wage restraint has not boosted investment — and hence employment and consumption — in Germany.
The NHS has saved billions of pounds through wage restraint over the past four years.
That wage restraint tilted demand in favour of exports and away from consumption.
One possibility is to follow the German example and endure years of wage restraint.
Wage restraint and reduced hiring followed, especially in the heavy manufacture of capital goods.
There should be more "decentralization in the bargaining process" and "wage restraint in the public sector".
American wage restraint and newly cheap energy have improved its attractiveness to manufacturers.
"In a stagnating economy, the unions have been urged to apply wage restraint.
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