Stable prices can make 5% pay rise worth more than 30% – Theo Acheampong
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Economist Dr Theo Acheampong suggests that the value of a pay rise depends on the state of the economy. He states that a 5% increase in a stable economy can leave workers better off than a 30% increase. This is because runaway inflation can erase the benefits of a larger raise.
Economist and political risk specialist Dr Theo Acheampong says a 5% pay rise in a stable economy can leave workers better off than a 30% increase during runaway inflation.
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