As for America and others we loses our shit for decimal point increase.
In: Economics
I wouldn’t call it functioning. As a Turkish resident, wages were constantly raised throughout the country to keep up. Some raises were quite drastic, which rarely happens in the U.S. It helped but inflation is still up, requiring another raise this summer.
Cost of living is insane here. Can’t afford housing, can’t afford cars. My wage is way higher compared to the average, but still.
Eventually, inflation has to be stopped.
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