‘We have a low-wage, high-welfare economy, which means people depend continuously on tax credits and all sorts of other welfare help in order to get by. That is not a sustainable situation for millions of households up and down the country’, says Christian economist Professor Adrian Pabst. As the cost of living crisis continues, the prospect of corporations engaging in increasing the cost of items at the shopping till to keep their profits high is facing investigation by the Competition and Markets Authority (CMA) amid ‘ongoing concerns about high prices’. The CMA is looking at whether increases are linked to ‘any failure in competition’. Recently, Tesco’s chairman said it was ‘entirely possible’ that food producers are hiking prices more than necessary. Professor Pabst asks, ‘Do workers deserve a pay rise to match inflation? Christians should be on the side of the dignity of labour, not siding with private profit.’
Workers justified in asking for wage rise
Written by David Fletcher 25 May 2023Additional Info
- Pray: for private businesses to recognise that pay rises could also help their own productivity and profitability over time as workers will be more motivated. (Micah 6:8)
- More: premierchristian.news/en/news/article/workers-justified-in-asking-for-wage-rises-against-inflation-says-christian-economist
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