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If everything goes up by the rate of inflation (3.2%), but......
  • sambo applecart
    Posts: 24,216
    a person's salary only goes up by 1% each year, some people don't even get pay rises at all.......what affect does that have on the economy in the long term?? 
  • IhateRS
    Posts: 1,091
    Dunno but I get poorer every year because of that very thing (we only .5% increase for inflation though) I know that much and have done for the last 5 years.
  • OldGoldenVision
    Posts: 19,516
    Havent had a pay rise in three years...
  • sambo applecart
    Posts: 24,216
    IhateRS said:

    Dunno but I get poorer every year because of that very thing (we only .5% increase for inflation though) I know that much and have done for the last 5 years.


    -----------------



    exactly mate, the cost of living goes up by 3.2% each year for a 3 year period, your wage goes up .5% over that same period......even IF the economy picks up in the long term, people's wages are still miles behind the cost of living so eventually the same scenario comes full circle and it goes bust again.

    It should be law that peoples wages go up each year with the cost of inflation IMO. If that happens, people will struggle less and it will have a positive affect on the economy as people will have that little bit extra t spend on other things, rather than jsut getting by. 
  • ToffeeCup
    Posts: 3,044

    The taliban should take note.... would do wonders for their PR if they blew up the odd banker every now and then. Or possibly the odd price fixing energy executive.



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