Surging public sector pay has unsettling echoes of the economic crash

“Economy-wide wage growth is picking up. This has many implications. It also raises important questions. First, a point about wage developments in peer countries. In recent years wage growth has been lower than economists would expect in many economies. Despite falling unemployment almost everywhere in the developed world and a tightening of labour markets, pay inflation has not taken off …” (more)

[Dan O’Brien, Independent, 10 June]

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