@[email protected] to [email protected] • 10 months agoinflation rulelemmy.blahaj.zoneimagemessage-square29fedilinkarrow-up1917arrow-down15
arrow-up1912arrow-down1imageinflation rulelemmy.blahaj.zone@[email protected] to [email protected] • 10 months agomessage-square29fedilink
minus-square@Spesknightlink18•10 months agoNot in Spain, apparently https://www.euractiv.com/section/politics/news/spain-announces-minimum-wage-to-improve-lives-of-millions/
minus-square@[email protected]linkfedilink2•10 months agoMaybe my math is wrong somewhere but I converted to dollars, multiplied the monthly amount by 12, and divided by 2080 (52 weeks*40hrs) and got $7/hr. If they’re excited about the “millions” being helped by a 5% increase to $7/hr their economy is probably not a good comparison to the US.
minus-square@Spesknightlink1•10 months agoCosts of living is not the same, you cannot compare the totals, it is better to compare the rise amount (in wages vs inflation). That was the point of the thread, right?
Not in Spain, apparently https://www.euractiv.com/section/politics/news/spain-announces-minimum-wage-to-improve-lives-of-millions/
Maybe my math is wrong somewhere but I converted to dollars, multiplied the monthly amount by 12, and divided by 2080 (52 weeks*40hrs) and got $7/hr.
If they’re excited about the “millions” being helped by a 5% increase to $7/hr their economy is probably not a good comparison to the US.
Costs of living is not the same, you cannot compare the totals, it is better to compare the rise amount (in wages vs inflation). That was the point of the thread, right?