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5 Comments
Thank you automatic indexing
Brutoloon?
Very good that our economy isn’t actively collapsing. What it’s healthyness is worth feels debatable with the growing prices and declining qualities of both products and services.
As an example.
I spend almost double on my train journeys even though there are less trains, similar to more delays and equally poor communication of where and when those delays are.
And another price hike is again on its way.
It feels like the fruits of a strong economy are mostly picked by the higher classes in society, while the average citizen is doing the same as before or even worse.that said, my ego won’t like it,but it would be nice to be proven wrong on this one.
Well this is another point for wage induced economic growth. If people’s wages are protected they can spend more which is good for the economy… Trickle down doesn’t work.
But on another note still purchasing power is declining in Belgium. I can’t fathom what some other european countries have to go through. I read about the UK still having “pre-finacial crisis” wages. Which is 2006. Imagine still getting paid 1600 euros netto a month in Belgium…
“The main risk of a wage-indexation mechanism isn’t a wave-price spiral or lower exports, but rather an unsustainable strain on state finances”.
I found this to be a particularly interesting point. Going from good to great with respect to Belgium’s economy would be prioritizing a lower debt. How would you propose reducing the debt while keeping domestic demand high, i.e., not touching real wages?