i just realized another big difference between the traditional devaluation/inflation solution and the wage reduction : In the first case, savings and capital i

i just realized another big difference between the traditional devaluation/inflation solution and the wage reduction : In the first case, savings and capital in general are affected as well, whereas in the second only workers are. So i guess wage reduction would restore competitivity but would also increase the inequality in the country dramaticaly (unless you dramaticaly increase the taxes on higher revenues and on savings as well). Another thing is that if a country changes its currency to be able to devaluate, you can be pretty sure that all the savings will immediately leave the country's bank and convert to stronger currencies. I guess every solution is a bad one.