this post was submitted on 29 Oct 2024
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[–] wewbull@feddit.uk 5 points 1 week ago

Governments see inflation as a way of making things cheaper in real terms. Public sector wages should be index linked IMHO, but I'm always told that to do so would be "inflationary". To put that another way - Not giving people real-terms pay cuts is, apparently, a driver of inflation.

Economists have built a system which relies on the buying power of the workers going down.