What Will Your Grandkids Wages Be?

       According to the Institute for Fiscal Studies, UK wages have fallen more in real terms than ever before. According to Claire Crawford of the IFS “The falls in nominal wages - - - during this recession are unprecedented.” Of course we all know the reason, a deliberate policy by employers, public and private, to use the “crisis” to freeze wages or in some cases cut wages. Workers are facing a continual rise in living costs with inflation running at between 2 to 3%, while aproximately one third of workers who stayed in the same job since the “crisis”, have taken a wage cut or wage freeze. Those who have not, have seen wage increases of well below the inflation rate. Of course any wage increase below inflation is in fact a wage cut.

       With “austerity” set to continue into 2020, can you calculate by how much your income will have fallen in real terms by then? We are well on our way to being the UK section of the European sweatshop economy. With a downwrd spiral forecast until 2020, and then some promise of pie-in-the-sky, you can see what kind of future our kids and grandkids are heading towards.

       Of course this "austerity" business is just for you and I the ordinary guys, those at the top haven't even had a whiff of "austerity". Corporate bodies are holding vast volumes of cash, waiting for the right conditions, a pool of very cheap labour, then they will start to exploit it with a vengeance. Their aim is an abundance of cheap labour, ours is to live a decent life with some dignity, the two are incompatible. The sooner we realise this fact the sooner we can all come together and dismantle this burden on our shoulders and start to create that better world. A world of co-operation in place of competition, of mutual aid in place of profit, a world that sees to all our needs and not the greed of a handful of parasites.

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