The Escalation of Inflation Swallows Workers’ Wage Gains

abc

Lean Right

Factuality

Ownership

Inflation is an 'invisible tax' that the government can impose without direct legislation, said Milton Friedman, Nobel Prize in Economics. His reflection reflects what has been happening in Spain in recent years, in which price developments have become a heavy slab for families’ pocket, a situation that has been aggravated by the Executive’s refusal to adjust the IRPF and by the escalation of taxes and contributions. The results have been a loss…