Deleted member 66701
Deleted member 66701
You're yet to explain how, in a competitive as opposed to forceful market, excessive pay and conditions leads to anything other than redundancy, business failure, and in the event that all companies go down this path, market sector decline...
Well, I have a final salary pension with my private sector emplyer - because we presented an excellent business case (backed up by intimidation, bullying and the threat of unreasonable industrial action of course). 12 years later I still have a job, will do for the forseable future and the company seems to be doing excellently on all accounts.
What you deem as excessive, others view as entirely reasonable. As I always say - it's all a matter of perspective.
How do John Lewis manage to provide final salary pensions if they are "excessive"? Is John lewis a struggling business? Sales only 0.8% lower in the middle of a recession? Why aren't they closing schemes and laying off people if their remuneration package is excessive?