Europe

8484 readers

3 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

Be nice to each other (e.g. No direct insults against each other);
No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
No posts linking to mis-information funded by foreign states or billionaires.

Also check out !yurop@lemm.ee

founded 1 year ago

MODERATORS

poVoq@slrpnk.net

127

UK workers must accept lower pay deals to help beat inflation, says Bank ratesetter (www.theguardian.com)

submitted 9 months ago by CAVOK@lemmy.world to c/europe@feddit.de

23 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] fidodo@lemmy.world 3 points 9 months ago (1 children)

Wouldn't increasing wages improve production by decreasing turnover?

[–] geissi@feddit.de 2 points 9 months ago

Depends.

IF only some companies increase wages then they can probably reduce turnover. Though that might cause more turnover in other companies that don't increase wages.
If wages rise through the board and the better paying companies before remain the better paying companies after then that probably has little effect.

I suppose higher overall wages could reduce the pressure to look for a better paying job because your current one doesn't cover costs of living.