Re:UK pay falls at fastest rate on record as inflation hits
by lotsofpulp on Tuesday July 19, 2022 @09:31AM
(#32151155)
It is possible because the people in the bottom deciles can experience increases in pay, while people in upper deciles experience decreases in pay (in real terms). A wealth transfer from richer to poorer.
I view it as a good thing. Even in the US, I see stores/restaurants closing earlier, closed on Sundays, and job advertisements on the side of buildings advertising pay rates. That means the people at the bottom are finally gaining negotiating power.
I view it as a good thing. Even in the US, I see stores/restaurants closing earlier, closed on Sundays, and job advertisements on the side of buildings advertising pay rates. That means the people at the bottom are finally gaining negotiating power.