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Well, it is almost universal, because wages have always been based on the cost of living as it helps increasing profit, which is the raison d’être of for-profit
by abcd_f 4y ago
Well, it is almost universal, because wages have always been based on the cost of living as it helps increasing profit, which is the raison d’être of for-profit businesses. This “behavior” however is more of a natural phenomenon rather than something coordinated.
- wahnfrieden 4y agoWages are in fact highly coordinated in industries and within hiring organizations (in contrast to among workers where any wage data sharing is shamed and many are uncomfortable to coordinate)