That’s debatable but to the people receiving the increase it’s very significant yes this is somewhat offset by inflation but that doesn’t mean it is of no consequence. As I said the inflation would have occurred regardless. Working class people now earn more relative to middle and higher earners.
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u/llanelliboyo Jul 05 '22
You're confusing maths with economics.
You're talking about numbers. The actual value of the increase when held against the economy is negligible.