It hurts when you hear politicians for petty gains talk of increasing salaries and anchors and guests gloating about it. Have they any idea how dangerous inflation is?
Concerned countries and governments dread inflation because it only destroys the economy. What is the point of increasing the salaries of people that only adds to the cost of production resulting in making our products uncompetitive in the world market. Besides, any amount of increase is not going to help as the prices will keep going up offsetting any increase - vicious circle. Better thing is to take deflationary measures. Bring prices down.
I wish our authorities had a moratorium on increase in wages and took steps to bring down costs which any day is better than increasing salaries only contributing to inflation. I was shocked to see salaries being used as a tool to get political mileage. Shahbaz Sharif did in Punjab and The Prime Minister did it for the whole country. This is deadly dangerous. What about the bulk of the employees who are not in the government. While increase in salaries may help some only temporarily, deflationary measures will help all for a long long time.
Remember how Margaret Thatcher the iron lady, resisted a coal miners strike for months on end only to ensure that an inflationary trend does not set in. And here we are unabashedly promoting inflation. Sorry. Do something positive. I urge the media also to take it up on a daily basis just as they took up a cause to push Musharraf out of power. Persistent media paid off.