Re:Inflation climbs higher than expected in June as price in...
by csomar on Tuesday July 13, 2021 @10:09AM
(#27821190)
> Wow, multiple stimulus checks, unemployment benefits and employees still have no bargaining power? What is going to happen to wages once all those people come back to work? Wages are not going to grow...
I live in a country that tried to ignore the problem but then came to the realization that you have to do stimulus checks (though they only sent money to the lower 10-25% tier of society).
I'd guess most countries did stimulus one way or the other; or avoided lockdown and relied less on the global economy (ie: Africa). Countries that will try to ignore it will probably collapse especially that the coronavirus is still on-going.
The Americans (and developed world) re ally did get off easy on this one. Less developed countries and those relying on Tourism did get ravaged.
I live in a country that tried to ignore the problem but then came to the realization that you have to do stimulus checks (though they only sent money to the lower 10-25% tier of society).
I'd guess most countries did stimulus one way or the other; or avoided lockdown and relied less on the global economy (ie: Africa). Countries that will try to ignore it will probably collapse especially that the coronavirus is still on-going.
The Americans (and developed world) re ally did get off easy on this one. Less developed countries and those relying on Tourism did get ravaged.