"I will try to express myself in some mode of life or art as freely as I can and as wholly as I can, using for my defense the only arms I allow myself to use -- silence, exile, and cunning." -- James Joyce
Workers and employers cannot reach real wage bargains
If the lowering of nominal wages creates deflation, the real wage may remain high despite the lower nominal wage. In any case, it not determined exclusively by wage bargaining between employer and employee.