My point was more about avoiding an inflation death spiral that fucks everyone rather than equitable outcomes (sorry lfgss). Bargaining en-masse for inflation busting pay rises will lead to more inflation, just as side-moves that result in inflation busting pay rises will do. The choice for folks feels stark though; do nothing and you get fucked. Do something and you might get fucked less, maybe, maybe not.
My point was more about avoiding an inflation death spiral that fucks everyone rather than equitable outcomes (sorry lfgss). Bargaining en-masse for inflation busting pay rises will lead to more inflation, just as side-moves that result in inflation busting pay rises will do. The choice for folks feels stark though; do nothing and you get fucked. Do something and you might get fucked less, maybe, maybe not.