In many countries inflation is a problem. This is especially true in the UK that has depended on cheap foreign workers for many years at the cost of not increasing efficiency as fast as some countries.
If inflation stays high, people demand higher wages to keep up with rising prices. This itself is inflationary and high inflation and rising prices continue for years.
This is the curse of many governments. There are no easy answers as this is an understandable position for workers who feel their buying power diminishing. They feel, indeed are, poorer.
The only solution is for governments to come up with a fair deal for workers, whilst not stoking inflation. At the same time workers have to accept they will be poorer.
In all this fairness is important. If some (bosses) get excessive pay rises and dividends, working people will feel aggrieved.
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