Re:Have we been thinking about inflation all wrong?
by TacticalCoder on Thursday February 10, 2022 @03:20PM
(#30291895)
> ... in some countries (eg. Belgium) wages are automatically adapted to inflation
Only certain wages. Like public servant wages. Private companies paying normal people regular wages aren't forced to give them a raise. The minimal wage may inflate but if you're paid above minimal wage, there's no guarantee you'll see a raise.
Re:Have we been thinking about inflation all wrong?
by efdee on Friday February 11, 2022 @02:44PM
(#30306119)
No, not just minimal wage - that's my point. Almost all companies (that are big enough to have a union, or be part of a joint committee) are forced to give raises.
Only certain wages. Like public servant wages. Private companies paying normal people regular wages aren't forced to give them a raise. The minimal wage may inflate but if you're paid above minimal wage, there's no guarantee you'll see a raise.