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UK workers must accept lower pay deals to help beat inflation, says Bank ratesetter
(www.theguardian.com)
this post was submitted on 08 Feb 2024
127 points (97.7% liked)
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US wages have gone up almost 10% in two years.
Compensation costs for civilian workers increased 4.2 percent for the 12-month period ending in December 2023 and increased 5.1 percent in December 2022. Wages and salaries increased 4.3 percent for the 12-month period ending in December 2023 and increased 5.1 percent for the 12-month period ending in December 2022.
I don't know about the us, but Germany had an inflation of 10% last year. Suddenly the rise of 10% over 2 years doesn't look so big.