seems to have found the answer to the cost of living crisis that is gripping Europe. In this prosperous country where trade unions remain relatively powerful, wages, pensions and benefits rise automatically in line with inflation.
The vast majority of Belgian workers are protected, and yet indexation has not eased everyone’s worries about the cost of living. She is far from alone: 73% of Belgians think automatic indexation is not enough to compensate for higher prices, according to anpublished on Monday. More than two-thirds said their purchasing power had diminished in the last year, versus 26% who thought it had remained stable and 6% who said it had grown.
This is what labor wants to do in Australia. Linking wages only increases inflation
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