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After 20 years of stagnant wages, cuts in benefits and declining faculty numbers, there is nothing left to cut.
He stuck to a script of living wages, cuts in greenhouse gases and a timetable for withdrawal from Iraq, with health care as a signature issue.
The changes on which parliament is to vote envisage a new pay system for 700,000 civil servants, further cuts in public sector wages, cuts in pensions and the suspension of wage bargaining.
The CBO recently reported that the U.S. economy (including the looming sequester cuts of 1.2 trillion) will continue below potential for another five years which would mean the economy will have woefully under-performed for the period of a decade (2008-17); truetrue costs (e.g. lost output, wages, cuts in government programs, disinvestment in education, etc). of such a period are incalculable.
Replacing calls for changes to the labour market (wages cuts) and reconfigurations of state provision (welfare cuts) is the belief that global economy lacks demand and only a coordinated effort by the G20 group of countries, taking the opportunity to borrow money at ultra-low interest rates, can bring it back.
I want to say that whilst I disagree fundamentally with how this Government's fluffed up the last - mucked up the last six years, their instability, costs of living, everything going up except wages, cuts to schools and hospitals, I don't see the Government as my enemy.
Similar(50)
The government raised taxes, froze wages, and cut pensions.
Budgets were slashed, wages cut.
Or having your wages cut by 15%.
Civil servants cannot tolerate" having their wages cut, he said.
Some are being laid off and many more having their bonuses and wages cut.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com