(02) Automatic wage indexation system, should it be stopped?
I do not understand humans anymore, and especially those who earn lots of money, often the so called bankers and economics. I will explain this via the automatic wage indexation system, something that we still use in Belgium but a growing number of politicians, business people and some ordinary people are saying it should disappear as it is damaging the economy. In this article I will try to explain why I think it is wrong to stop this system, and why I believe it is one of the best systems ever. But, indeed, there is one system that should disappear: the bonus system as that destroys the whole financial system because it blinds people. In Belgium, the automatic wage indexation system is used to calculate and changes our salaries. This is a system whereby the wages and salaries are automatically adjusted according to inflation (or deflation). This means that the price evolution of a number of products (but not all) determine the evolution of wages and salaries. Whenever changes in ...