One wonders about such things (and here). The most highly educated group in our society (university academics if you are still wondering) are threatening strike action for better pay.
The question in my mind is; will the economics departments be participating in such actions, and what is there reasoning?
The economic academics I know think that the university lifestyle, autonomy, and interesting research projects, mean that moderate pay is sufficient to attract good talent. After all, that’s what keeps them in the game – it’s not the money honey. Why then the need for more pay?
Surely if there was a problem attracting staff, universities could voluntarily offer higher salaries for some positions?
In the end, academics always have self interest to fall back on as a justification for participating in strikes. Although, they could just as easily benefit from the strike action and not bother participating – another self-interest motive at work.
Oh, the mystery.