Tuesday 28 June 2022 02:03 AM DAILY MAIL COMMENT: Spiralling wages will make us all poorer trends now
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Spiralling wages will make us all poorer
It's half a century since this country experienced the depressing and economically debilitating folly of inflationary wage spirals. But the fundamentals haven't changed a bit.
Inflation goes up because of global instability, so militant unions demand unaffordable pay rises, further fuelling inflation, damaging business and ultimately making everyone poorer.
It's such an obvious equation that it shouldn't need explaining. Yet the unions, spearheaded by the hard-Left RMT, are determined to drag us back on to that insane 1970s merry-go-round.
Following the rail walkouts, legal aid barristers are picketing courts, a postal strike looms, teachers are threatening mass action and now doctors are demanding a ludicrous 30 per cent pay increase.
'RMT leader Mick Lynch (pictured) claims to be defending workers' rights. In fact, he's pitting one set of workers (his members) against another (the rest of the working population)'
There is even talk of general strikes as part of a concerted plan to bring down the Government. It didn't work against Margaret Thatcher, when union membership was much larger. And as long as ministers stand firm, it won't work this time.
However, public sector strikes do endanger livelihoods and subject the general public to huge pain and inconvenience.
RMT leader Mick Lynch claims to be defending workers' rights. In fact, he's pitting one set of workers (his members) against another (the rest of the working population). The fact that so many prominent
