Public sector pay and the idea of intensive (not extensive) cuts
On a day of national strikes, this post reviews the evidence on cuts in pay and presents three arguments against the trade union line that their pay must not be cut: only public sector is an Exchequer issue, we do not know what is happening in most of the private sector, and public sectors should adjust different to recessions anyway. If private sector scale savings had been achieved, the Exchequer would be €1.5bn better off this year. Read more