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inflation rule (lemmy.blahaj.zone)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 19 points 7 months ago (2 children)

Not in Spain, apparently https://www.euractiv.com/section/politics/news/spain-announces-minimum-wage-to-improve-lives-of-millions/

[–] [email protected] 2 points 7 months ago (1 children)

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.

[–] [email protected] 1 points 7 months ago

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?