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Breaking: Swedish industrial wages to be cut by up to 20 %! | 50 comments (50 topical, 0 editorial, 0 hidden)
Re: Breaking: Swedish industrial wages to be cut (none / 0)
So, "if there is no cut in hourly wages, but only the number of hours workedworkers is reduced, there is no deflationary pressure by this"?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Tue Mar 3rd, 2009 at 10:27:46 AM EST
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Breaking: Swedish industrial wages to be cut by up to 20 %! | 50 comments (50 topical, 0 editorial, 0 hidden)
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