Re:The rich world needs higher real wage growth
by pjc50 on Monday July 02, 2018 @02:23AM
(#17439666)
> it's not clear why preventing moderate inflation should even be desirable. If you get a 10% raise
Raises aren't automatic, they often have to be fought for. Especially in the public sector. What tends to happen in tones of inflation is labour unrest; people find their food prices have gone up by 10% so they need a >10% raise urgently, taking to the streets if necessary.
Raises aren't automatic, they often have to be fought for. Especially in the public sector. What tends to happen in tones of inflation is labour unrest; people find their food prices have gone up by 10% so they need a >10% raise urgently, taking to the streets if necessary.