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So, after introducing the euro, and everything overnight becomes ~2x more expensive, salaries will match that trajectory and eventually also become ~2x larger,
by menaerus 1y ago
So, after introducing the euro, and everything overnight becomes ~2x more expensive, salaries will match that trajectory and eventually also become ~2x larger, almost universally no matter the job type? Did I get your argument right? I ask because I don't think this actually has been the case with pretty much any EU country.
From what I have seen, salaries will certainly adjust themselves, and they will grow, but the resulting purchasing power is going to remain lower than it has been prior to introducing the euro.
- ingohelpinger 1y agolol, that's exactly what hes dreaming of.
- debesyla 1y agoHave you looked into Lithuania? (I don't know about other countries, only live in this one.) Thought maybe I understood the discussion wrong, because Lithuania does have a minimum wage that is government mandated.
- menaerus 1y agoI haven't looked into each EU country but it's difficult to imagine that a salary of X * K EUR gross will become 2X * K EUR gross just because the country has switched to EUR. It's delusional at best.