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A comment on Bitcoin Breaks $17,000. Parent comment

Re:Bitcoin Breaks $17,000 by naveen99 on Tuesday November 17, 2020 @10:17AM (#25124669)
For people without assets, Inflation is their wages rising.
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Re:Bitcoin Breaks $17,000 by londons_explore on Tuesday November 17, 2020 @11:12AM (#25125421)
Not really - wages usually get renegotiated at least annually, and frequently go up faster than inflation.

All inflation does is set a cap on real pay decrease. Since very few businesses will decrease pay, then a 4% inflation environment means Bob who didn't get a rise this year effectively gets a 4% pay cut in real terms.

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Re:Bitcoin Breaks $17,000 by mcraiha on Tuesday November 17, 2020 @12:50PM (#25126928)
"wages usually get renegotiated at least annually" not everywhere. In many places the only way to get better wages is to change job.
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