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Old 16.01.2015, 17:04
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The_Love_Doctor The_Love_Doctor is offline
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

Interesting to note that even though we don't have a lot of votes it seems the majority of people refuse to take a small loss of 20% in return for basically receiving the same level of Purchasing Power Parity.

The cost of everything goes down by 20% => PPP goes up by 20% (Ok more or less) => People's wages go down by 20% => PPP is back down to where it started.

If people insist on having the same salaries they will be forced by market forces to take even a bigger cut sooner or later.
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