tomhill.bsky.social
Environmental economist | Stoicism | Wildlife Gardening | Deliberative democracy | Aspiring Hiccup | 🏳️🌈 (he/him) |
👤 Joined on 28 outubro 2023
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@tomhill.bsky.socialHis face there is very much "Civilization leader denounces you" face
Show PostSince the minimum wage effectively tracks inflation via the LPC commission this has made it difficult for real wages to fall when you have inflationary shocks, which necessitates higher interest rates and lower growth to keep inflation contained.
Show PostIn effect the system concentrates the real wage falls into higher earners via second round effects because so many prices (eg super market prices) depend on minimum wages and rise when the minimum wage does.
Show PostWhat an utter farce. A lesson in how to look unserious www.politico.eu/article/eu-s...
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