> Pill’s words were more blunt in suggesting that workers must shoulder more of the burden. That puts the BOE in conflict with thousands of public sector worker

> Pill’s words were more blunt in suggesting that workers must shoulder more of the burden. That puts the BOE in conflict with thousands of public sector workers angry at the government over its decision to restrain pay. When economists talk about market distortions, they are talking about free markets. One where there are many competing producers/consumers all of whom are trying to maximize profits, minimize costs, and compete against one another if someone is underpaying/overpaying. Pill's comments here seem to be directed at government workers, many of whom are also unionized. Wages for such workers are driven as much by politics as by free markets