2 ms·
Only if your wage is compensating for the inflation, which according to that article wasn't always the case (-80% for the workers once adjusted to inflation)
by alex_duf 9y ago
Only if your wage is compensating for the inflation, which according to that article wasn't always the case (-80% for the workers once adjusted to inflation)
- jacquesm 9y agoYes, it depends on other factors too. But for instance in Poland during the time of the hyperinflation of the Zloty plenty of people paid off their mortgage that way. Banks got hip to that pretty quickly and later mortgages were in Euros while the salaries are still in Zloty, which should be illegal imo.
- osullivj 9y agoStrongly agree: banks should handle the risk management, not push it onto consumers, forcing them into mismatching hard currency obligations with soft currency revenues. But this isn't surprising as banks are engines for gouging customers and shareholders by channeling margin into management bonuses.