Post
Topic
Board Economics
Merits 1 from 1 user
Re: Time to foot the bill
by
fiulpro
on 08/11/2021, 16:47:02 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.

Not just that but we have been seeing a very clear pattern regarding the government using the taxes and other things everything in the favour of the government itself and not for the people. The workers are not even safe in the public sector anymore, they are doing strikes and at the same time it's high time they get questioned about the quality of services that they are provided.

Only people that might be gaining here would be :
Doctors
Pharmacists
Companies related to them, even though the pandemic has been there since ages now, new Drugs and new medical regime is coming every few months making it the most profitable sector.

I do think that government would not only fail to protect people from Inflation but the salaries as well would still be close to salaries in 2005 whereas we are in 2021 now. Unfortunately this is what fuels corruption.