2 ms·
I can't help but wonder how much of this is "better" and how much is wage stickiness in action (inflation has a slower effect on pay than on prices because pay
by whatshisface 3y ago
I can't help but wonder how much of this is "better" and how much is wage stickiness in action (inflation has a slower effect on pay than on prices because pay increases involve long, drawn-out disputes. Economists call this effect "stickiness.").
- II2II 3y agoYes, that is an issue. My union (mostly non-tech workers) was negotiating for a new contract when the old when had expired 18 months prior and had been negotiated two or three years before that. It was such a long wait that a lot of good people were lost in the process, particularly since inflation has been abnormally high. It sounds like many other unions in my neck of the woods are in a similar situation.