Ddespite occasionally admitting that #profits & imports might be contributing to #inflation we're back to the tired old narrative that its #workers are to blame.
The Bank & economists in the City of London are still talking about #wage rises being 'worryingly high' (not their's of course) and so we cannot expect #interestrates to go down any time soon!
Given profits have 'recovered' but real wages remain below pre-2010 levels, I think its fair to say this is about cementing low-wage Britain!
Emeritus Prof Christopher May /
npub1hr…f2ktj
2023-12-20 06:50:48
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2023-12-20 06:50:48Event JSON
{
"id": "66521de9354dea0645696592299c4ed09c21070306e3116e359b53287a7a6a7b",
"pubkey": "b8de67a365b436ce300eb1049973026143f99e3d3712b326f302b7d6f49a2902",
"created_at": 1703055048,
"kind": 1,
"tags": [
[
"t",
"profits"
],
[
"t",
"Inflation"
],
[
"t",
"workers"
],
[
"t",
"wage"
],
[
"t",
"interestrates"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/111611415630016838",
"activitypub"
]
],
"content": "Ddespite occasionally admitting that #profits \u0026 imports might be contributing to #inflation we're back to the tired old narrative that its #workers are to blame. \n\nThe Bank \u0026 economists in the City of London are still talking about #wage rises being 'worryingly high' (not their's of course) and so we cannot expect #interestrates to go down any time soon!\n\nGiven profits have 'recovered' but real wages remain below pre-2010 levels, I think its fair to say this is about cementing low-wage Britain!",
"sig": "65d97de3f71637d8f79e13a045c7c006f3e9e90abdd55e4a78f6cf66e671bb0f84b1ffb7b72710c23e72e2cf3107e799cc1e428d2dbaee73d3b4db2bf64acbb2"
}