A 10 per cent lockdown pay cut?
Sir, – No doubt John Dillon’s suggestion of a 10 per cent pay cut for senior civil servants originates from a spirit of solidarity.
However, it is a perfect example of Keynes’s “paradox of thrift”; pay cuts, in a time of falling demand, will just make everybody poorer.
Much preferred would be that said civil servants spend their income – thus creating income for others ... and so on. – Yours, etc,
JOHN J DRUMM,
Sandymount, Dublin 4.