Austrian labor unions gear up to fight the [highly profitable] companies (user search)
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  Austrian labor unions gear up to fight the [highly profitable] companies (search mode)
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Author Topic: Austrian labor unions gear up to fight the [highly profitable] companies  (Read 2440 times)
True Federalist (진정한 연방 주의자)
Ernest
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« on: October 13, 2011, 05:32:25 PM »

No, they should be raised according to Inflation. Which means you can allow wages to freeze in a period of deflation.

So in other words, you want the default position to be a net wage increase in real terms over time?  That simply is not sustainable over time.  Wages should and can adjust over time as the economy and the need for certain jobs changes.
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #1 on: October 14, 2011, 12:24:22 PM »

That sounds nice on paper, but in reality the opposite seems to be the case, as everyone I know who has a job is making more now then they would have in the 1880's, the 1920's or the 1950's. Wink

How many people do you know who do their jobs today using only the tools and techniques available to them in 1880?

On a more serious note, the default position should be 'purchasing power' (do you guys have that term?) not going down, or not going down significantly over a longer period of time. And if possible at all, it should be rising.

Similarly, our expectations today are not the same as in 1880.  It's why tying wages to inflation is overly simplistic.
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