thisisbutaname

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Joined 3 years ago
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Cake day: June 29th, 2023

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  • It used to work like that in Italy, although not with a national minimum wage but with union-negotiated contracts. At least some of them had a clause that automatically raised base salaries according to inflation.

    I read somewhere that clause was removed because it’d cause a vicious loop where raising inflation meant higher wages, which in turn drove up inflation.

    At face value it makes sense, but I’m no expert so I can’t say whether that’s correct or some bs to keep wages low.