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Well, in this case it's cost of living. I can only speak for some of Europe. Shit is going up in price (and it doesn't seem to be slowing down). Wages are going
by bserge 5y ago
Well, in this case it's cost of living. I can only speak for some of Europe. Shit is going up in price (and it doesn't seem to be slowing down). Wages are going up, too.
Ultimately a bit useless, the poorest are still more fucked by CoL than they're helped by higher wages.
- lotsofpulp 5y agoOnly because there is insufficient wealth transfer from the top deciles and quintiles to the bottom ones. Obviously, if society retains the same conditions that allow increasing income/wealth gaps, then higher wages will not help the poorest.