All macro-economic variables relate to one another. The economic growth  rate, monetary and fiscal policy, budgetary policy, business profitability, investment, taxation (and the avoidance and evasion of tax), the wage rate, transfers and trade balance all interact and adapt to many factors, some beyond our control. There are always choices to be made at various … Continue reading JOHN KERIN. Wage compression and its wider implications, economic and political.… Continue reading »