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by u_sama 206 days ago
The real minimum wage is also stuck in many parts of Europe relative to 2008. For example in Spain the average salary didnt increase adusted to inflation.

The blackrock thing seems like a myth, but private entities are also buying housing en masse in Spain for exammple
1 comments
wallaBBB 206 days ago
"remained flat" and "remained flat when adjusted for inflation" are two very different things.
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u_sama 206 days ago
The minimum wage doesnt mean much in general, many European countries either dont have it or recently instated it (Germany). What matters is the Median and quintile salaries in which, the US fares much better anyways

Many other countries have official minimum wages and a big % of people working black, unreported because the minimum wage is to high relative to the average (Spain, Greece, Italy)

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