breakfastburrito
26th May 2008, 06:48
I see many deeply troubling parallels with the late 80's, inflation out of control, financial train wrecks & financial bubbles.
It would seem the Federal Government is also repeating the strategies of the past - Prevent pilots wages from increasing at anything other than 3% for purely political reasons, aiming to prevent a more widespread wages "breakout".
The "free market" is being jettisoned just when workers appear to be gaining leverage, once again using foreigners to corrupt "market forces", while qualified locals cannot get a reply to their applications.
I suspect the government will use every tool at their disposal to crimp wage demands.
Welcome to the "New" accord, 08 style.
It would seem the Federal Government is also repeating the strategies of the past - Prevent pilots wages from increasing at anything other than 3% for purely political reasons, aiming to prevent a more widespread wages "breakout".
The "free market" is being jettisoned just when workers appear to be gaining leverage, once again using foreigners to corrupt "market forces", while qualified locals cannot get a reply to their applications.
I suspect the government will use every tool at their disposal to crimp wage demands.
Welcome to the "New" accord, 08 style.