The last time wages got too high was when the trades unions were working on the ‘levelling up’. In strongholds such as car-making and newspapers, it was automation and technology which ultimately broke their hold. And it could see off Boris’s ‘boost pay and level up’ strategy too. Restaurants, especially the fast variety, won’t pay through the nose for long for staff, just as their punters won’t want to pay more for rubber chickens. So the way they’re cooked, ordered and served is already needing less and less jobs. And the levelling back down begins.
“Donald Trump is winning. Business, beware”
There’s a perception that whatever might be the consequences for the rest of the world, Trump as President should be good for business. Surely, as a business man himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it?
