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<p>[QUOTE=&quot;sylvester, post: 1249994, member: 708&quot;]Well I don&#039;t know how it&#039;s going over in the states but I can tell you now that here in the UK we&#039;re facing pay freezes or pay cuts, in both private and public sectors. As I work in education which falls into the public sector, i&#039;ve had a pay freeze which will last for the remainder of this current govt, so I&#039;ll receive the exact same wage in 2015 that i&#039;m getting now (as long as I&#039;m not laid off in the next round of cuts), to add further to this we now need to deduct more from our wages to fund the pensions crisis, so in effect my pay after deduction is going to drop. In addition to this inflation is continuing at around 4% a year and prices are rising all the time. It might explain why loss in value of nominal currency is an issue to me![/QUOTE]</p><p><br /></p>

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