thats approx $70pw..... what it fails to take into account is that inflation rose much higher so employees earning still remain anti-inflationary - just taking some of the weight of the inflation burden off the shoulders, but not out of the headful of worries.
would you prefer much bigger wage rises that cause inflation to rise?
or maybe Gov interference in markets - control to gas and coal prices entirely,control electricity prices,
control food prices.
then you could say we have communist controland all the right wingers would be happy
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