Borghi: “The result of the closures will be a big cut in the salaries of everyone, public, private and autonomous”
Claudio Borghi explains to us what will be the consequence of the policy followed by the government with the Lockdown and the feigned war between the protected (public, or retired) and not protected. Using his son's Star War puppets nicely, the honorable explains to us, with very simple words and concrete facts, what will happen with the general closure.
It now appears that only the self-employed and their employees are paying the closedown expenses. In reality, it is only a matter of time: if the self-employed and companies close or fail, even protected workers will sooner or later pay the consequences: guaranteed employees, such as those in the credit sector, will be wiped out by losses in the credit sector and by cutting the spending power of individuals. Likewise, the fall in expenditure and tax revenues will first lead, as in Greece, to the cut in pensions and then in public wages. A brutal wage deflation that will leave everyone poorer.
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The Borghi article : "The result of the closures will be a big cut in the salaries of everyone, public, private and autonomous" comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/borghi-il-risultato-delle-chiusure-sara-un-grosso-taglio-negli-stipendi-di-tutti-pubblici-privati-ed-autonomi/ on Sun, 01 Nov 2020 22:18:07 +0000.