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Belgium has automatically indexed salaries and we don't have hyperinflation. Inequality is among the lowest in the world.
by CorrectHorseBat 2y ago
Belgium has automatically indexed salaries and we don't have hyperinflation. Inequality is among the lowest in the world.
- f1shy 2y agoInteresting. Do you have a source? Is there a law? I cannot find anything about automatic indexation of salaries with inflation... I've seen some indexation with consumer price index, but is not with inflation. Maybe you are conflating the 2 concepts?
- CorrectHorseBat 2y agoConsumer price index is just a measure for inflation, no? So what's the big difference?
- f1shy 2y agoAbsolutely no. The whole methodology is different. The update rate could be substantially different, also “consumer price idx” is typically reduced to very basic elemental goods and services, which are often regulated, and don’t change at the same rate as a live indicator as inflation. I lived in a country with CPI of 5% and the inflation was 25% same month. Not even close!
- CorrectHorseBat 2y agoAnd how is _the_ inflation then calculated?
- f1shy 2y agohttps://en.m.wikipedia.org/wiki/Core_inflation https://en.m.wikipedia.org/wiki/Core_inflation
- lifeisstillgood 2y agohttps://agilityeor.com/blogs/belgium-salary-indexation-forecasted-rates-2024/ https://agilityeor.com/blogs/belgium-salary-indexation-forec... January 2023, every white collar worker in Belgium got a 11% rise (Why not blue collar …)
- CorrectHorseBat 2y agoJIC200 is just the biggest white collar committee. Other white collar and blue collar workers fall under other committees. They might have different rules for indexation (at another time, more times per year, when inflation exceeds a certain level, ...), but everyone gets it.