Wage Spirals News Today : Breaking News, Live Updates & Top Stories | Vimarsana

hello there. as you have heard, last—minute talks to avoid strike action on the uk's rail network have failed. now, millions of people will face travel misery as the biggest rail strike in 30 years brings services to a standstill in england, scotland and wales. the first strike started this morning and more are planned on most major lines on thursday and saturday. the rmt union says its members oppose stagnating pay and want justice. but industry bodies have warned against a strike action, saying it would "shatter hopes of recovery for many businesses". joining me now is dr roger b...

Of go back into the economy. now the problem that we have at the moment with the labour market is there are actually more vacancies than there are people unemployed, so that does mean the labour market is very tight and companies do need to take extra measures to make sure that they can retain their staff and attract new stuff. the problem that gonna have is these increases in bonuses or in wages come at a cost to the company. if those companies then start increasing their prices to protect their profit margin, we have this spiral of increasing wages, increasing prices, increasing wages and th...