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> wages are re-negotiated It's common for wages to be contractually indexed to prices, so that they are automatically updated to reflect changes in the cost of
by lottin 5y ago
> wages are re-negotiated
It's common for wages to be contractually indexed to prices, so that they are automatically updated to reflect changes in the cost of living. See here, for some examples: https://www.ecb.europa.eu/pub/pdf/other/mb200805_focus05.en.pdf https://www.ecb.europa.eu/pub/pdf/other/mb200805_focus05.en....
- alisonkisk 5y agoThat doesn't look common to me. I see a few small countries, and France and Spain (which only gets through union negotiations, not law)