Tuesday, August 05, 2008
So the national pay talks fell apart as everyone succumbed to recession fever.
So far, so predictable.
The trade unions threaten to pull out and start cutting individual deals with employers. The employers are warned by their representatives not to do any individual deals with unions. These are standard negotiating positions in a stand-off.
Someone sensible in government suggests everyone go and have a holiday and calm down for a couple of weeks. And everyone does so, happily. Except for one bunch of greedy unionised bastards who just aren't prepared to wait, and who want to kick off their pay claim at a truly stratospheric 10%.
Who are these cheeky bollixes?
Why, bankers, of course.
Yup, the very sector who ballsed up the world economy are the first in Ireland with their hands out for a bumper payday, now that we're entering a downturn.
The same people who inflated the property bubble, engaged in ridiculously risky lending, and who ran their own businesses like it was a casino crap-shoot are now talking about the need to 'inflation-proof their terms and conditions'.
You can see why they might need to 'inflation-proof' their capacious earnings by perusing this Daily Mail article on how London bankers are having to tighten their belts in these straitened times.
You couldn't make it up. Never mind the fact that everyone else (even the public sector) is looking at job losses and pay freezes, the people working in the single sector most responsible for the current economic carnage want a bonus for ballsing it all up.
I hope the banks, whose share prices have fallen between 50% and 70% in recent months, respond appropriately.
With mass sackings.