Coronavirus: Beware the hidden threat of trickle-down austerity

Pay cuts to the inflated CEO salaries is long overdue, but don’t be fooled into broader and sustained wage cuts to average workers. It could be as economically ruinous as the virus itself.

While the recent phenomenon of CEOs taking hits to overly inflated pay cheques and bonuses structures is long overdue, cheering on broader wage cuts in the age of COVID-19 could be as economically ruinous as the virus itself.

Click here to read the full story in the Daily Telegraph