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> just negotiate a salary increase for this year of 7% If even one-tenth of the country succeeded in heeding your advice then inflation is certainly not going
by Grimburger 5y ago
> just negotiate a salary increase for this year of 7%
If even one-tenth of the country succeeded in heeding your advice then inflation is certainly not going back to 1% the next year. Wage pressure is the main one that central banks can't easily handwave away and has huge flow on effects to an economy.
- gus_massa 5y agoThat's the problem once you get 7% inflation for a few years. Everyone wants to increase the prices 7% and everyone wants to get a 7% salary raise, and it's difficult to cut the cycle. In the ideal case get a 7% raise and everyone else gets 0%. It's case of a tragedy of the commons.