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Replying to Avatar Laeserin

It's the same in logistics and increasingly also everywhere else. That's why our butcher keeps reducing store hours.

Wage prices are sticky because non-wage prices are inflationary, and wages are easier to negotiate because it's a purely local market, while being harder to offload because of employment contract law.

So, there's a shortage of labor and declining real wages, simultaneously. 😬

Companies are folding under the pressure.

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ChipTuner 1y ago

>Wage prices are sticky because non-wage prices are inflationary, and wages are easier to negotiate because it's a purely local market, while being harder to offload because of employment contract law.

That makes sense. Hmmm

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