Time to foot the bill

[paxmao]

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.

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[dbc23]

The rate of inflation has given birth to more enterpreneurs and self employed citizens of different countries due to the  unmatchable difference between the inflation rate across countries and the underpaid salaries by both public and private sector many has gone into different skill acquisition just to meetup with the high cost of livelihood. I might not say the public sector would diminish but one thing is certain it might not maintain its intial value due to its poor salary scheme

[Lucius]

However, the governments are playing with the idea of not keeping public salaries with inflation.

Are you talking about a particular government or in general? I think that any government that wants to be re-elected (in a democratic world) can't turn its head away from inflation and not adjust salaries, because that's how they would shoot themselves in the leg - people feel on their skin very quickly if their standard of living deteriorates. Opposition forces will certainly use this to their advantage before the next elections.

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.

We can again talk about the public sector in general, but its quality is not only determined by how much someone is paid, but also by the abilities and competencies of the people who work in that sector. For example, I will give you the example of my country, which is a member of the EU - but it is extremely corrupt and the chances of getting a job in public administration are almost zero if you are not a member of the ruling party. The people who work there are politically eligible, but far from being able to do their job properly - the judiciary is in such poor condition that the average trial takes about 10 years.

[Hydrogen]

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.

[Ucy]

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

[Gyfts]

Government shouldn't be the ones that increase salaries. The private sector houses most jobs anyways, so if the government wanted to, they can increase the salaries of any governmental employees. If inflation rates outpace growth, the solution isn't to have more government introduce pay increases, its on them to lower the inflation rate that they caused to increase in the first place. It ends up being a never ending cycle of government interventionism which wouldn't be a problem if they stopped injecting so much money into supply.

[Gozie51]

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 the government is the culprit of this and the high level of inflation. First, the government is beginning to shy away from their responsibility of providing amenities and take control of major human direct beneficial project, they sell out some government owned properties and corporation to family members and friends who determine how to run their business by themselves, they determine what salary to pay to workers and all these contribute to unregulated liquidity in the system especially in Africa. Governance is a serious business and unless people in government become sincere to deliver to small businesses and demonopolize the economy then inflation will keep increasing. Loans should get to the small business owners at low rate , this can curtail the rate of inflation.

[Congyang]

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.

indirectly this is actually no longer a secret because maybe all governments will do the same thing with the aim of making their image good and hoping that the public will think that he is a generous figure and indeed the point is to want to be re-elected.

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 worst possibility would be like that because indeed I think everyone will definitely choose with a large income because this is a mandatory need and human greed.
apart from it all actually when talking about quality I think this is back again to competent and how the human resources in it.
because with a large salary it doesn't really guarantee that he is a competent person even though there are indeed criteria like that

[The Sceptical Chymist]

However, the governments are playing with the idea of not keeping public salaries with inflation.

Well, it's a good thing (in the US at least) that the government can't dictate what private companies can pay their workers--and I agree, if the government decides to cut costs by lowering wages of their employees, there will likely be a flight to the private sector.  That almost makes me smile, because that's what they've brought upon themselves with their reckless economic policies.  On the other hand:

As a result, I forecast that public services are going to deteriorate.

This wouldn't be a good thing at all, but I don't see how those services wouldn't deteriorate if the federal government has to start slashing costs and cutting salaries.  Let's hope they start with the military first (and no disrespect to our troops, but I think we can afford to defund at least some of the military branches).

[Porfirii]

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.

If I am not wrong, last week I heard that the the public salaries in Spain will grow a 2% by January 2022 . I don't know in other countries, but in this one at least it is way better to be a civil servant than to work in the public sector (taking into account rights, salary, responsibilities and schedule; namely: quality of life).

Again, I don't know in other countries.

[Sterbens]

Perhaps for some sectors of the economy, the productivity of workers with relatively diverse skills also shows a higher level. In addition, the government which is trying to rebuild the post-pandemic economy is faced with hyperinflation due to the increase in basic commodities.

Some countries are starting to get better, but the rest are still in the dark for not getting a loan from the IMF after nearly exceeding the repayment limit.

Even the salaries of private workers here look quite large with incomes that vary every month. The civil servants are guaranteed by the government with all the facilities that have been provided so that the cost of going home between abroad and within the country becomes an obligation as a form of contribution in supporting the progress of the country.

That way, private workers only rely on the remaining costs and try to do business between foreign private workers.

[tygeade]

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.

I have always feared this issue of workers being underpaid at this time. Ever since all this inflation started, things have been getting costly and people are not able to afford most things in the market these days because they’re not being paid enough this time around to be able to sustain them to the extent of getting whatever they will need at anytime.

People are being underpaid these days because if you compare with how much things are being sold these days in the market it’s really a big issue. I’m just hoping that they get to fix everything. I will prefer that things that are being sold in the market will decrease to the price that it used to be before, the government should do their best to put an end to the problem of inflation that we’re having now.

[Fortify]

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.

As you point out, the printing presses have been on full power for over a decade now and now we have a perfect storm of ingredients from Covid causing a huge upset to the global economy. We went from output dropping to near zero last year, yet in many countries people were getting subsidized and saving huge amounts with less avenues to spend. To this year people have those mass amounts saved up and want to go on spending sprees like they would have in the years before Covid. So factories of all kinds were shut down when demand was low, there was a bit of spare capacity which has now vanished and the factories cannot meet the heavy demand taking place right now. It will be an interesting few years while everything works itself back out again but for many countries it makes sense for inflation to spike a bit before hopefully getting back to "normal".

[impulse709]

In recent years the government is one of the main causes of waste and devalue of money, every year the government prints money so it keeps increasing and so does your salary, but this means with the dong will gradually lose value. This raises many important problems as the exchange rate generates many businesses and self-employed citizens of different countries, due to the incomparable disparity between the rates of development between the two countries. It is becoming more and more difficult to employ workers and pay wages according to the standard of living in each country.

[Vaculin]

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.

This is what I'm seeing in our country, and many governments workers are moving abroad because of a huge salary difference. I hope this could be addressed or else, they all are leaving. It was very unfortunate to see but we can urge big companies to hire all workers as they will look for highly qualified workers for them in order to get high salary rate.

In today's situation, we have to become more strategical, we can't just rely on looking for a job in order to have money but rather to find any side hustles otherwise, we call ourselves a failure.

[Darker45]

I can only speak of the quality of public service in my country. Wanting is the mildest word you can describe it. The reality is that it is very poor, corrupt, pestered with red tapes, unprofessional, and so on and so forth. In general, it is simply garbage.

But this is not due to the fact, or at least not solely, that salaries among public workers are low and are not adjusted according to inflation. After all, both private and public workers here, and I'm referring especially to rank and file employees, have very low salaries they couldn't even manage to live a decent life. The foremost reason why public service in my country is poor is that there is very low standard, or even none at all. It seems the only qualification is that you are recommended by someone influential.

Anyway, since the pandemic, everything becomes expensive. The prices of goods and services have risen a lot. The only thing that didn't rise along with them is the ordinary worker's salary.

[yhiaali3]

This is exactly what is happening in my country, because of inflation, government salaries have become worthless and more workers resign every day to go to the private sector or self-employment, this will lead to more economic deterioration of the country, government facilities have become empty despite the increase in the number of the unemployed, no one wants to work for the government with these paltry salaries that do not cover the needs of employees for only ten days a month. Unless the government changes its economic policy to solve inflation, the economic situation will become catastrophic.

[Victorycoin]

The increase in the bill has raised fears in various quarters that it will lead to inflation in the economy because of the leap of this new pay structure announced by the government as the government's expenditure will increase and new money will be transferred to the market, the news of salary increase will start from house rent. So that the reins of inflation are not lost due to the increase in salaries and wages the government needs to keep in mind that the needs of the unpaid people need more than just the satisfaction of government employees, which has been successfully maintained over the past few years.

[breathlessz]

This is exactly what is happening in my country, because of inflation, government salaries have become worthless and more workers resign every day to go to the private sector or self-employment, this will lead to more economic deterioration of the country, government facilities have become empty despite the increase in the number of the unemployed, no one wants to work for the government with these paltry salaries that do not cover the needs of employees for only ten days a month. Unless the government changes its economic policy to solve inflation, the economic situation will become catastrophic.

it's different in my country, where government employees are people who are financially secure, and in the end the government has to find a budget to cover it. and I see here the government collects funds from the tax sector, which seems to be looking for new land to be taxed, of course the private sector does not want to lose money and in the end product prices are raised, and this has an impact on the inevitable increase in inflation.

[magneto]

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.

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.