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Apple raising prices too. Food is more getting more expensive. I wonder, maybe naively, if all of the consumer prices will go up (over?)-compensating for the ch

Apple raising prices too. Food is more getting more expensive. I wonder, maybe naively, if all of the consumer prices will go up (over?)-compensating for the change in GBP could we expect workers demanding higher salaries in the near future too? Also, recently pound has gone up (from 1.11 against euro to 1.19 now). It's definitely not the pre-brexit state but imagine it slowly crawls up back. Would you expect the price increases, in some time, to roll back?

pjc50 10y ago
> could we expect workers demanding higher salaries in the near future too? How? The wedge is already driven between skilled professionals who can compete on the international market, and therefore have price-setting ability, versus people who have no market power and can be squeezed and threatened with the unemployment regime. Unskilled or marginal workers may end up starving. No, this is the Greece effect. Trade balance has been terrible for years. Now the financial services industry is under threat. While there's a lot of negative things you could say about them, at least they've brought in foreign money to keep the accounts balanced. In order for the balance of trade to recover, imports have to fall. This means that the part of your living standards which depends on imports (including Azure) is going to fall.