Re:If wages are to rise, workers need more bargaining power
by rayiner on Wednesday June 06, 2018 @10:29AM
(#17247410)
I'm pretty sure that, even in the west, it is incorrect to say that the "majority are a lot poorer." The article itself points out that real wages have grown, albeit slowly.
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Re:If wages are to rise, workers need more bargaining power
by s73v3r_ on Wednesday June 06, 2018 @01:05PM
(#17248894)
Cost of living has risen higher. So even if wages grow, if they don't keep up with costs, then yes, you can say they are poorer.
Re:If wages are to rise, workers need more bargaining power
by cheald on Wednesday June 06, 2018 @01:33PM
(#17249181)
Incorrect. "Real wages" are "wages adjusted for inflation", or "wages relative to the cost of living" in economics parlance. If real wages are growing, then wage growth is outpacing the growth of the cost of living.