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#CostOfLivingCrises

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When crises collide:

#NHScrisis (and #LongCovid) contribute the largest proportion of 'economically inactive' #workers....

driving labour shortages in a time of #inflation & #costoflivingcrises,...

while #greedfaltion (yes its a thing), drives both #inflation & decline in real wages...

causing some pressure (as a lagging factor) on wages to rise.

So what is the #BoE going to do; yes raise #interest rates to drive a #recession to compound the economic damage.

It looks like #classwar & is!

What lies behind our current #CostOfLivingCrises: a significant element is the weakening of the power of #unions:

While it is of course difficult show causality (rather than just correlation), the past 30 years has seen:

a decline in union membership, alongside legal attrition to constrain unions' powers;

at the same time as:
a shift in the balance between the rewards to capital (profits/dividends) and the rewards to labour (wages) towards the former...

The rich have been stealing your pay

Starmer must tackle economic ‘disaster’ of Brexit, warn Labour
grandees.
“It’s high time we all confronted the Brexit fantasy of a ‘sovereign global Britain’. The writing is on the wall. Our destiny lies, if not within then certainly with Europe – and Labour needs practical policies to deliver that.”
#EU #Brexit #Labour #Starmer #CostOfLivingCrises
theguardian.com/politics/2022/

The GuardianStarmer must tackle economic ‘disaster’ of Brexit, warn Labour grandeesBy Toby Helm