Monday, June 20, 2022

The next round to fuel price inflation: Labor demands higher wages

As can be observed across Western countries, in the wake of recent price hikes due to the inflation, various labor unions demand higher wages.

This is exactly what we needed to fuel more price inflation or to enter a vicious cycle of price and wage inflation! (Caution: irony)

For about the past two decades, Western governments have lavishly spent taxpayers money and accumulated huge amounts of government debt, it is high time to curtail government spending and to lower taxes to counter price inflation. Government largesse and spending beyond their means has to end immediately!

Government downsizing and frugality is asked for!

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