Will CEOs and economists cut their wages to help the economy?

Some writers to The Australian criticised complaints about Work Choices implying they did not understand economics. Here is Kay's reply in today's Australian --

Work Choices = Lower Wages

Treasurer Peter Costello smirked that interest rates would rise if Labor were to dismantle Work Choices once in government. This seems to be a desperate attempt to bring back Howard's successful interest rates fear campaign of the 2004 Elections. Kay put it in another way in her letter to The Australian today -