Are interest rates about to take off?

Thrugelmir

lemonjelly wrote: »

Problem is, the workforce who are stood there with relatively less in their pockets don't want/need to hear this. They will look at their bottom line, in exactly the way every business does.

With people still losing their jobs. There's currently somebody else that will do it for less.

Even Eire is proposing to cut its minimum wage by a Euro. Not much I know. But still equates to a 14.2% cut.

Really2

lemonjelly wrote: »

Don't disagree mate.

Problem is, the workforce who are stood there with relatively less in their pockets don't want/need to hear this. They will look at their bottom line, in exactly the way every business does.

I feel it could become a little confrontational.

That, or certain consumer spending will start to fall.

Perhaps this website will get a little busier?:)

The problem I see it is with the slack in the system staff either put up with below inflation wage increases or freezes or the threat is there is others out there prepared to work for less now.