There’s isn’t even an actual relationship between paying people more money and the price of the product to an individual.
That’s broadly true. But end customers can’t see the business balance sheets. So when wages go up at the same time as inflation, they do the Milton Friedman Econ 101 thing and blame wage earners for price spikes regardless of the reality.
Big Macs in the Netherlands are in the same ballpark as in the US, price wise, despite higher wages for “buger flippers” and better overall benefits, job security and working conditions.
I remember that staistic from decades ago. I wonder if it still holds true. The Dutch have been undergoing their own neoliberal fleecing of late. Rents are skyrocketing. Deregulation and union busting has taken their toll.
I remember that staistic from decades ago. I wonder if it still holds true. The Dutch have been undergoing their own neoliberal fleecing of late. Rents are skyrocketing. Deregulation and union busting has taken their toll.
According to some cursory googling it is. But you are also correct with the rest you’re saying here ofcourse.
That’s broadly true. But end customers can’t see the business balance sheets. So when wages go up at the same time as inflation, they do the Milton Friedman Econ 101 thing and blame wage earners for price spikes regardless of the reality.
I remember that staistic from decades ago. I wonder if it still holds true. The Dutch have been undergoing their own neoliberal fleecing of late. Rents are skyrocketing. Deregulation and union busting has taken their toll.
According to some cursory googling it is. But you are also correct with the rest you’re saying here ofcourse.