Topic: Time to foot the bill (Read 371 times)
Civil servants are been conditioned to live at the mercy of their paychecks and salaries. In this time and age digital skills or best self development could be the only remedy because this salaries are not matching up with the inflation rate in the society keeping an average civil servant who depends solely on their job to live below their income so as to meet up with their daily expense. We already in that era where public sectors are gradually deteriorating and been replaced by skilled and self employed experts
In my Country for now no Salary increase and this is really telling because of the inflation in the economy is not helping. Even before that the price is not high is not enough to spend not to talk of now when the price are on a high side.
I'd have to say that something like that is allready happening in my country. There is not a huge diference in pay between the public and the private sector, but it's still enough so that people tend to flock over to private. However, there is a percantage of workers that value publiv sector security over private sector volatility, even at the cost of having lower pay. That will not assure good public service, but I don't see them loosing workers anytime soon.
Governments try to keep their employees with a decent pay and will take a bullet or two for them as they do not want to have millions of people on the streets mad with them because they got fired by the government, however it comes to a point in which the governments cannot allow themselves such expenses and they begin to reduce the pay of their workers, no one likes it but they accept it as they will prefer that over being unemployed and not knowing if they will get a job anytime soon. 
I'd have to say that something like that is allready happening in my country. There is not a huge diference in pay between the public and the private sector, but it's still enough so that people tend to flock over to private. However, there is a percantage of workers that value publiv sector security over private sector volatility, even at the cost of having lower pay. That will not assure good public service, but I don't see them loosing workers anytime soon.
Unless the government changes its economic policy to solve inflation, the economic situation will become catastrophic.
This is only when the government is sincere but without sincerity it won't matter whatever government policy in place. Such policy will be a fake coverage to the public because it is not for good of the people. For example when government come up with loan programs they end up giving it to there friends. Ways to solve inflation problems is to increase the level of tax rate or reduce printing of money or loan especially huge loans to large businesses but these factors have left to theoritical rhetorics when compared to real economic principles as insincerity don't allow these things to work.
As I mentioned a while ago, and as it is obvious for everyone, the money printing and giveaways for furloughs and checks signed by "the president" party is not ended or about to end. And it is time for the hangover. Inflation rises, as it could not be otherwise. The private sector, particularly some sectors, are experiencing a demand of qualified workers and that means that salaries are likely to keep with inflation. However, the governments are playing with the idea of not keeping public salaries with inflation.
I think that depends in the country where you are living, in a situation like this most people wouldn’t like to lose their jobs. So, they’re still going to continue suffering with all these underpaid jobs, just because they know that if they should leave their current job it would be hard for them to find a job elsewhere. It is things like this that result to serious strike and even riots in some places, when the government refuses to do the right things that they are supposed to do for the people.Sometimes they fail to provide solutions to problems that people are having, it is either they should solve this problem of inflation or they should increase the payment for workers. A lot of us are hoping for this inflation to stop, and would be happy if things should go back to normal.
The most qualified people usually work in the private sector.The inflation doesn't matter that much.
I don't know about the qualification of the people working in the US public services,but I'm sure that there will be more money printing,which will help for raising the salaries of public services workers in the US,so that their purchasing power doesn't deteriorate due to the inflation.
Public service workers are usually underpaid in most countries in the world,including my country.
This is bad,because teachers,doctors and policemen are actually really important for the economy of every country.The private sector cannot become effective,if the public sector isn't effective.
I don't know about the qualification of the people working in the US public services,but I'm sure that there will be more money printing,which will help for raising the salaries of public services workers in the US,so that their purchasing power doesn't deteriorate due to the inflation.
Public service workers are usually underpaid in most countries in the world,including my country.
This is bad,because teachers,doctors and policemen are actually really important for the economy of every country.The private sector cannot become effective,if the public sector isn't effective.
As I mentioned a while ago, and as it is obvious for everyone, the money printing and giveaways for furloughs and checks signed by "the president" party is not ended or about to end. And it is time for the hangover. Inflation rises, as it could not be otherwise. The private sector, particularly some sectors, are experiencing a demand of qualified workers and that means that salaries are likely to keep with inflation. However, the governments are playing with the idea of not keeping public salaries with inflation.
Depending on the country and the flexibility, this means that civil servants and public sector may become underpaid and those who actually have skills may leave to the private sector. As a result, I forecast that public services are going to deteriorate.
Depending on the country and the flexibility, this means that civil servants and public sector may become underpaid and those who actually have skills may leave to the private sector. As a result, I forecast that public services are going to deteriorate.
Not just that but we have been seeing a very clear pattern regarding the government using the taxes and other things everything in the favour of the government itself and not for the people. The workers are not even safe in the public sector anymore, they are doing strikes and at the same time it's high time they get questioned about the quality of services that they are provided.
Only people that might be gaining here would be :
Doctors
Pharmacists
Companies related to them, even though the pandemic has been there since ages now, new Drugs and new medical regime is coming every few months making it the most profitable sector.
I do think that government would not only fail to protect people from Inflation but the salaries as well would still be close to salaries in 2005 whereas we are in 2021 now. Unfortunately this is what fuels corruption.
However, the governments are playing with the idea of not keeping public salaries with inflation.
Government regulated wages could represent a shift to a planned economy (also called command economy).
https://en.wikipedia.org/wiki/Planned_economy
The mentality that says government should operate and regulate every aspect of wages, prices and the economy is a fundamental shift away from capitalism, towards socialism.
The more people try to discuss inflation. The more apparent it becomes that almost no one remembers anything relevant or important about it. Setting the stage for yet another disaster born of inflation to become a harsh and cruel reality.
People tend to forget hyperinflation is an essential ingredient behind extreme poverty of nations. Its something that can occur anywhere in the world. No one is entitled to be immune. It can affect all of us if allowed to progress to a point where it becomes terminal.
However, the governments are playing with the idea of not keeping public salaries with inflation.
I think I will say that you are correct here on the inflation and salary issues. Inflation means higher cost of living and lesser value in purchasing power of the currency. Meaning that the currency can only purchase fewer of goods or services it was getting before. Therefore when salary is stagnant and inflation keep rising, it amounts to nothing and translated to increase in poverty rate so you are correct to submit that. Salaries need to be reviewed against the rate of inflation or inflation to be reduced fat better standard of living.
It is hopeless to hear about wage increases in a country with significant unemployment due to the fact that countries like these have active loan of million to billion of dollars as is the case in mine. Actually I wanted to laugh when I read this news a while ago, but that's the truth.
If we talk about the government who didnt concern about rising up the minimum salary in the country, its clear that in my country the case happens too, even the minimum salary policy which is applied by them is under of the inflation. Based on what OP wrote, he told about the government who didn't rise up the salary in the public sector meanwhile the worker move to the private sector which means give a better facility for the worker. Honestly, I dunno where is, but it's much better than my country.
But as long as there is high unemployment rate in any country the government is not going to increase the salary of government employee according to the inflation rate because they know the employees won't quit even if they quit still they can recruit people for the same or even lower salary than experience.
It is hopeless to hear about wage increases in a country with significant unemployment due to the fact that countries like these have active loan of million to billion of dollars as is the case in mine. Actually I wanted to laugh when I read this news a while ago, but that's the truth.If you are in a developed country then you may not have heard of the government employing workers for $10-$20 per month in many government office and public service, but this is happening in my country. No one is forcing you to work, but that's how hard it is to get a job.
But as long as there is high unemployment rate in any country the government is not going to increase the salary of government employee according to the inflation rate because they know the employees won't quit even if they quit still they can recruit people for the same or even lower salary than experience.
It is hopeless to hear about wage increases in a country with significant unemployment due to the fact that countries like these have active loan of million to billion of dollars as is the case in mine. Actually I wanted to laugh when I read this news a while ago, but that's the truth.If you are in a developed country then you may not have heard of the government employing workers for $10-$20 per month in many government office and public service, but this is happening in my country. No one is forcing you to work, but that's how hard it is to get a job.
As I mentioned a while ago, and as it is obvious for everyone, the money printing and giveaways for furloughs and checks signed by "the president" party is not ended or about to end. And it is time for the hangover. Inflation rises, as it could not be otherwise. The private sector, particularly some sectors, are experiencing a demand of qualified workers and that means that salaries are likely to keep with inflation. However, the governments are playing with the idea of not keeping public salaries with inflation.
Depending on the country and the flexibility, this means that civil servants and public sector may become underpaid and those who actually have skills may leave to the private sector. As a result, I forecast that public services are going to deteriorate.
But as long as there is high unemployment rate in any country the government is not going to increase the salary of government employee according to the inflation rate because they know the employees won't quit even if they quit still they can recruit people for the same or even lower salary than experience. Depending on the country and the flexibility, this means that civil servants and public sector may become underpaid and those who actually have skills may leave to the private sector. As a result, I forecast that public services are going to deteriorate.
Well, if you're getting paid with a deflationary currency like Bitcoin, you won't be too worried about salary increase, because whenever the currency price goes up, you salary is worth more.
Salary increase could also cause inflation unless those who are getting the increase are prudent enough and not too many in numbers
I think you misunderstood the bitcoin salary option, your salary will still be the same, no devation and no increase because let's say if your monthly salary is worth 5,000 USD then the amount of btc is the in thesame convertion.Salary increase could also cause inflation unless those who are getting the increase are prudent enough and not too many in numbers
It will only change its value due to markets volatility when your salary is on your hands.
I think it's normal for the employer to keep up with the inflation and give a salary increase especially for private sectors to make sure that their employee won't resign or leave their respective position. For the public sector, the delay of salary increase depends on the congress to approve the bill immediately.
Public services in many nations are already a horrible place to work. Most of the time people there rarely work, it is like that in my nation and to my knowledge I know at least 4 other nations that are like that. Staff knows that it is harder to get fired there, it is a simple job, you get paid a low amount but you have nearly zero stress, you just go to work, do what you are told and come back home without any risks.
Private has a ton of mobbing, extra hours, bad work-life balance, 2 am calls that are urgent, business meetings that could cause your job, firing very easily, not finding a job soon enough and going into debt and many many other risks. So, no matter how cheap the salary is, I am 99% sure that there will always be public service staff who will do bad job and we will be going mad why they are so bad at it but it is by design.
Private has a ton of mobbing, extra hours, bad work-life balance, 2 am calls that are urgent, business meetings that could cause your job, firing very easily, not finding a job soon enough and going into debt and many many other risks. So, no matter how cheap the salary is, I am 99% sure that there will always be public service staff who will do bad job and we will be going mad why they are so bad at it but it is by design.
As I mentioned a while ago, and as it is obvious for everyone, the money printing and giveaways for furloughs and checks signed by "the president" party is not ended or about to end. And it is time for the hangover. Inflation rises, as it could not be otherwise. The private sector, particularly some sectors, are experiencing a demand of qualified workers and that means that salaries are likely to keep with inflation. However, the governments are playing with the idea of not keeping public salaries with inflation.
Depending on the country and the flexibility, this means that civil servants and public sector may become underpaid and those who actually have skills may leave to the private sector. As a result, I forecast that public services are going to deteriorate.
Depending on the country and the flexibility, this means that civil servants and public sector may become underpaid and those who actually have skills may leave to the private sector. As a result, I forecast that public services are going to deteriorate.
Personally I see the opposite happening in my country ( the United States ). There are times where I start to wonder why I spent so much time in school, why I have spent so much time since leaving college studying for major financial exams etc, when I meet with my clients (public servants) and realize that they are making an obscene amount of money compared to how little education they have received and how hard they've worked ( or lack thereof ) to get to where they are. I could see jumping ship here happening as governments have a lot more money they are willing to spend than the private sector.
The government makes various reasons to maintain their ego in managing fiat. They do not increase the wages of workers but inflation remains and definitely rises every year. Their reason is simple, without an increase in inflation in terms of a maintained number, there will be no economic growth. So how can workers survive and raise their economic standards, if income alone is not enough to cover their basic needs. This fiat system is very suitable to be updated with a system that can answer various economic challenges so far.
Depending on the country and the flexibility, this means that civil servants and public sector may become underpaid and those who actually have skills may leave to the private sector. As a result, I forecast that public services are going to deteriorate.
The Civil and Public service has experienced more of this over the years, especially the underpay stuff.
And this has a way of continuing with the latter being the private sector having the good pay and,
many people moving into them.
Skill is relevant and no one will be allowing the skilled people who are willing to come and expand his/her
territory to be left out, but rather, for there to be more improvement on their sides.
As I mentioned a while ago, and as it is obvious for everyone, the money printing and giveaways for furloughs and checks signed by "the president" party is not ended or about to end. And it is time for the hangover. Inflation rises, as it could not be otherwise. The private sector, particularly some sectors, are experiencing a demand of qualified workers and that means that salaries are likely to keep with inflation. However, the governments are playing with the idea of not keeping public salaries with inflation.
Depending on the country and the flexibility, this means that civil servants and public sector may become underpaid and those who actually have skills may leave to the private sector. As a result, I forecast that public services are going to deteriorate.
Depending on the country and the flexibility, this means that civil servants and public sector may become underpaid and those who actually have skills may leave to the private sector. As a result, I forecast that public services are going to deteriorate.
This is already happening across the world.
More and more people are leaving fixed jobs that are paying a measly salary that does not rise with inflation for higher risk, higher reward combinations.
The public sector is already very inefficient to put it nicely and without attractive remuneration I don't know how they can keep up with the demand for their services.
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