That’s not something that can be solved by changing interest rates. To increase wages you need unions and for those unions to go on strike.
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piyuv@lemmy.world 2 months agoInflation near zero and salaries increase -> purchasing power increasing, which is something we can only dream about
merc@sh.itjust.works 2 months ago
peoplebeproblems@midwest.social 2 months ago
It is possible, but financial types will tell you that you will lose your job. Which is funny, because most products and services require labor to make any money from them, so it sounds to me that if deflation occurs and profit is still required, you have the option to layoff a bunch of people or get creative.
Maybe it’s just me, but I’d be a lot happier if I had a bunch of employees that know how the business works and know where things can be improved and do it. Maybe like getting rid of managers who only know how to change the headcount of their bit of the org.
jacksilver@lemmy.world 2 months ago
The US was on its way to that, until Trump and Republicans decided to trash the entire world economy.