That is pretty terrible with the explosion.
I have never really understood union mentality as they single-mindedly drive up costs until the companies move all together, if they can.
That is pretty terrible with the explosion.
I have never really understood union mentality as they single-mindedly drive up costs until the companies move all together, if they can.
When Finland had its own currency, the wage hikes would be counteracted by devaluation (=central bank would lower the value of the markka) in order to boost the competitiveness of the export industries.
It doesn't sound like a sustainable approach in a globalized world where a lot of companies are borderless.
Why? Multinational companies pay salaries in local currencies anyway. So what if the salaries are increased if the exchange rate of that currency goes down at the same time keeping the dollar value hike of the salaries moderate or non-existent.
We as consumers buy directly across borders too.
Why would that be a problem for the old model?
What was amazon and eBay doing at that point, Microsoft, storage hosting?
You don't see an issue with a government influencing where and what you can buy?
The problem is that no decision lives in a vacuum, and with governments all over the world doing what is in their best interest, the system is getting more and more unstable with far more slipping through the cracks and living outside it. The banking system itself that underpins it all is global, and that means the decisions made at a country level sit upon it, not under it. 2008 should highlight this dependency.
That is exactly what is happening and makes no logic except to the Union. They are trying to justify their existence at the same time as driving jobs away.
Explosion was shocking and a terrible way to die for many.