So far so good, although anything to do with mathematics isn't my forte.
This leads me into thinking about the people striking because their current wage or salary is less than in previous years in real terms. UK doctors' pay claims, led by the BMA, focus on restoring wages eroded by inflation, with recent actions pushing for significant uplifts. For example doctors argue pay has fallen significantly, (over 20% in real terms for some), since 2008. This is called pay erosion & they want pay restored to 2008 levels. You can find current pay levels for all doctors on the internet, so I won't give them here.
My point is that this position seems to be completely untenable to me. Money & commodities fluctuate according to circustances. I imagine that doctors are not alone in being able to say that what they earn today is not worth what they earned in 2008. All employed people are subject to the same market forces. In any year pay increases will depend on what those forces are & how much money is in the kitty. Especially for so called public employees, teachers or the police for example.
What also seems untenable to me is that we have expectations that wages or salary will increase every year. Not only does that depend on a countries wealth, it also depends on how well people do their job & their productivity. It is well known that the UK, as a nation, is way behind in productivity. The UK's labour productivity consistently lags behind the US, Germany, and France, with output per hour worked significantly lower, around 20-40% below the US and 20% below major EU economies. This is largely due to underinvestment in capital and skills, slower growth since the financial crisis, and weaker competition/technology adoption in key sectors like retail and finance.
Finally, I think our whole wage / salary structure is completely unbalanced & rooted in class structure & history. As with so many areas in the UK, we need a complete overhaul & re-balancing to a fairer system. The gap between the "haves & have nots" is not working for us in the 21st century. As a lifelong liberal socialist I do think that withdrawl of labour is a right, but surely not for everyone. Surely there are occupations that are so vital to health, well being & the economy that there should be another mechanism? Possibly, given that so many of our organisations depend on goodwill to operate, working to rule would be far better.
We need to end this cycle of disruption & get our act together. Especially as we are now into the age of technology & AI which will change things drastically.

