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Why Salaries Are Not Increasing Despite High Inflation?
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[QUOTE="Caramelle, post: 200209, member: 150"] [JUSTIFY]Increasing salaries will fuel further inflation because businesses will have to increase their prices as well to cope with higher salaries. I don't know how it works in your country but ours imposes a minimum wage that takes into consideration the cost of living in the different regions or provinces. That may not be enough actually because some families are bigger than others which makes it more difficult to survive on a single income. In that case, the family has to be very creative and frugal in order to survive. The actions that we can do to cope in an inflationary economy could include urban gardening, avoiding food wastages, responsible parenthood, and limiting expenditures to the bare essentials. We can help bring down the prices of goods by limiting the demand for those goods. [/JUSTIFY] [/QUOTE]
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Why Salaries Are Not Increasing Despite High Inflation?
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