Post
Topic
Board Economics
Merits 1 from 1 user
Re: Time to foot the bill
by
Vaculin
on 27/10/2021, 23:42:54 UTC
⭐ Merited by paxmao (1)
As I mentioned a while ago, and as it is obvious for everyone, the money printing and giveaways for furloughs and checks signed by "the president" party is not ended or about to end. And it is time for the hangover. Inflation rises, as it could not be otherwise. The private sector, particularly some sectors, are experiencing a demand of qualified workers and that means that salaries are likely to keep with inflation. However, the governments are playing with the idea of not keeping public salaries with inflation.

Depending on the country and the flexibility, this means that civil servants and public sector may become underpaid and those who actually have skills may leave to the private sector. As a result, I forecast that public services are going to deteriorate.
This is what I'm seeing in our country, and many governments workers are moving abroad because of a huge salary difference. I hope this could be addressed or else, they all are leaving. It was very unfortunate to see but we can urge big companies to hire all workers as they will look for highly qualified workers for them in order to get high salary rate.

In today's situation, we have to become more strategical, we can't just rely on looking for a job in order to have money but rather to find any side hustles otherwise, we call ourselves a failure.