Economists are concerned that more strikes are afoot
Some unions’ high initial demands may well be part of their negotiating tactics as rising food costs are hitting lower-paid workers especially hard
17 July 2022 - 08:41
As wage negotiations gather momentum, economists are warning of increasingly unstable labour relations and more strikes as workers demand higher pay to cope with the soaring cost of living.
The Reserve Bank’s monetary policy committee is expected to hike interest rates by at least 50 basis points this week, increasing the pressure on consumers. Economists say rampant fuel and food inflation are the biggest concerns for the lowest-paid workers because these items account for the biggest portion of their costs...
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