News for hackers. Stuff that matters.

A comment on 'The worst is yet to come' for the global economy, IMF warns. Parent comment

Re:'The worst is yet to come' for the global economy, IMF warns by piva00 on Wednesday October 12, 2022 @07:17AM (#33175325)
It might be equivalent to 1900€ but if you didn't get a raise to match inflation it doesn't really matter...

And the majority of workers in the world don't get even inflation-adjusted raises every single year.

[ Parent | on HN ]
Re:'The worst is yet to come' for the global economy, IMF warns by benj111 on Wednesday October 12, 2022 @09:20AM (#33176543)
No, but wages do tend to rise with inflation, which is admittedly a double edged sword.

We saw this in the 70s. Where inflation eroded the costs of buying a house quickly, even though the interest rates were also high.

[ Parent | on HN ]