Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
If I have been earning five days' pay for five days' work, and am suddenly reduced to four days' pay for four days' work, that's going to hurt.

Enough, possibly, to make me unable to decline an offer from another company for four and a half days' pay for five days' work.

Isn't that a mechanism by which this could contribute to wage deflation?

by Sassafras on Wed Mar 4th, 2009 at 05:28:33 PM EST
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