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Public sector workers 'prefer pay cut to pension loss'


from my simplistic understanding of economics, the more you earn the more you spend, and the more you spend the more you boost and support the economy. if you replace 'more' with 'less' you can no longer support the economy and if you multiply the figures by the number of nurses and others who are so poorly paid in the UK the figures show a fall in income which causes a falling economy. even if all the big guys with big bonuses get big pay cheques and increase output it will not increase the economy unless everybody else gets bigger cheques to pay for the increased goods and services! but it could be that if you give them big cheques and the increase output they may simply increase exports and the revenue from this may simply go straight into the government's coffers and into their own pockets!

Posted date

5 August, 2011

Posted time

2:52 pm


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