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Wage-cost cycle seems endless

Farm workers want more money because of the increase in the cost of living. The farmer pays it to them but to cover this must raise the price of milk and produce. This increases the cost of living, so the farm workers again want more money.

Farm workers want more money because of the increase in the cost of living. The farmer pays it to them but to cover this must raise the price of milk and produce. This increases the cost of living, so the farm workers again want more money.

Is this the way it works, or am I missing something ?

Graeme Roberts

Brentwood Bay