Day 2 of the #railstrikes. As the debate rages about the right and wrongs of it, there are 3 key things to remember:
1. The root cause of the dispute is a decision by the govt to cut £4bn from rail & tube budgets. Madness when other countries are investing in public transport.
1. The root cause of the dispute is a decision by the govt to cut £4bn from rail & tube budgets. Madness when other countries are investing in public transport.
2. Wages have been stagnant for over a decade & for many key workers, have been falling in real terms. Asking for a pay rise in the face of the biggest squeeze in living standards since 1950s, makes complete sense.
3. The wage-price spiral is a myth. The labour market today is completely different to how it has been in the past, and we are in the middle of a #costoflivingcrisis.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
