and mcdonald's employees will be making? $500 per hour at the very least.
If you aren't convinced yet that wages don't incline in the same rate as with cost of living, then I don't know what to say. Sure, wages have increased slightly. In my country, minimum wage is 780 EUR as of 2023. A decade ago it was
586 EUR. But. let's have a look on inflation:
https://tradingeconomics.com/greece/core-inflation-rate. Surprisingly, in 2013 it was an all time low since 2010 (at -4%!!!). Right now, we're experiencing a market that has went into two years of serious inflation rates.
- Let's have a look on food inflation:
https://tradingeconomics.com/greece/food-inflation. Yep, 10% increase comparably to last year.
- How about CPI transportation:
https://tradingeconomics.com/greece/cpi-transportation. I guess we're heading in an all time high there.
- Housing:
https://tradingeconomics.com/greece/housing-index. It's nearly linear since 2020. I'm looking forward to know when we'll reach the ceiling there.
But, yeah. 200 EUR extra income can cover all that. Kudos to the governments.
