Pay goals
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SIR Campbell Fraser, presi of the Confederation of Br Industry, told 300 business that there was neither sans logic in associating pay aw with the cost of living.
Speaking at the annual rt ing of the London and Nortl Group in London, Sir Camt said pay rises might as wel determined by the numbe goals Italy scores in the W Cup final.
"It's difficult to know whe to laugh or cry when some says 'It's an insult to my lad be offered less than the incl.( in the retail price indexmembers standard of living to be safeguarded.' Certainly people should understand t because part of the conseque has been to price ourselves of work," he said.
Over the last two years have almost kept labour ci down to the same levels as I many and Japan. "But two yi do not make up for the daftr of all the years that went fore."
The 1980s will not be a dec of growth, but of intense contition. "It's a war and we hav, gird ourselves up for it," Campbell explained. "The tors will be the efficient, and one should be under any mie prehension about that."
Sir Campbell warned that have fooled ourselves into lieving that we should get a more every year. When the E nomy was strong, it was ju fied. "But we forgot that I should be related to the amo the nation was producing. even reached the stage of lieving that we should be p what we thought we should paid."