Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I read it as 'Of course wages are too high' - because he does keep saying wages are 'too sticky'

This happens to be nonsense given that they've fallen by at least 5% in real terms since 2008, and more like 10% for most earners.

Which is why we have working people claiming benefits so they can afford to eat, while also trying to get food from food banks and trash bins.

The whole was pretty much at the level of analysis I'd expect from the Econo.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Feb 26th, 2014 at 11:33:37 AM EST
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