Boris Johnson wants British workers to take one for the team and accept pay cuts in the face of rising living costs.
Faced with a wave of strikes and a “summer of discontent”, the prime minister said wage increases were not a solution to the jump in prices, warning that: “If wages continue to chase price increases, we risk spiraling wage prices. this country experienced in the 70s.
But is he right? Many experts are skeptical, arguing that further wage cuts would actually exacerbate the country’s deep economic problems.
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