this post was submitted on 20 Jan 2024
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In Belgium we have mandatory wage increases to combat inflation.
Companies aren't allowed to call them raises because that isn't what they are.
Last year after Covid, we had an increase of 11-12%. Which was very nice.
Honestly this should be the norm everywhere.
Why not just freeze prices then? I guess because you still have to purchase goods from abroad that wouldn't freeze prices? Inflation sucks and I hate it.
I hate inflation too, but I understand why it's necessary. Imagine if rich people had an even easier time hoarding their wealth.
Although now that think of it, maybe at this point we really don't need to create positive feedback loops for economic growth anymore.