Dat zou geen probleem zijn, ware het niet dat het systeem werkt op aandelen en de notie dat je altijd moet groeien.
En dan stopt die groei plots. En dan schuiven de aandeelhouders de kosten daarvan zoveel mogelijk af op de werkmens die al moeilijk rond komt. In plaats van zelf de klap op te vangen.
Alles moet imploderen en vervangen worden door iets nieuws. Maar ipv daarvan zitten we met een systeem dat niet wil dat je je aandelen ergens compleet weghaalt en die waarde gebruikt om nieuwe dingen te stimuleren.
**Without measures, the Belgian economy will sink into recession next year due to galloping inflation and a wage-price spiral, warns the Federation of Belgian Enterprises.**
The business world is sounding the alarm about the state of the economy. The six-monthly economic barometer of the Federation of Belgian Enterprises (FEB) shows that more and more companies are groaning under cost increases. The FEB expects the economy to ‘virtually grind to a halt’ with growth of 0.5 percent in 2023.
The FEB points to high inflation as the main cause of plummeting business confidence. In June, inflation in our country rose to 9.7 percent, the highest level since October 1982. The war in Ukraine has exacerbated companies’ already dormant supply problems – scarcity and price increases. Not only are energy prices spiking, but all raw materials – from oil to food – have become significantly more expensive. On average, operating costs have risen by 20 to 30 percent.
Because of automatic wage indexation, this derailing inflation will increase labor costs by 11 percent this year and next, according to the FEB, 5 percentage points more than in neighboring countries. As a result, we are already in a de facto wage-price spiral, the employers’ association believes. This is evident from the underlying inflation rate – which does not include energy and food – which is also already above 5 percent.
If companies cannot adequately pass on their cost increases, this threatens to weigh on their profitability and exports. The FEB concludes that economic growth will slow to 0.5 percent in 2023 due to the rollback in business investment over the next 6 to 18 months. If the wage-price spiral does not come to a halt and inflation shoots up to 10 to 15 percent, a recession in 2023 will be “still difficult to avoid.
**Measures**
The FEB is therefore calling for a number of measures to tackle the ‘competitiveness crisis’. Consultations between the government, employers and employees should result in part of the wage indexation being postponed to 2023 or 2024. A reduction in personal income tax for the poorest 40 percent of the population should support the purchasing power of the lowest earners. Special excise taxes on energy for companies should be set at zero, and to alleviate labor shortages, activation policies should be tighter.
It is five minutes to midnight and high time that policy makers become aware of the impact of the competitiveness crisis,’ says VBO executive director Pieter Timmermans. ‘At the moment, a lot of damage can still be avoided with relatively limited measures. If we bury our heads in the sand, the consequences will be much worse. Consultations between the government, employers and employees must now get underway.’
Urgh why are they calling it a recession if there’s still 0.5 increase? Get your economics straight please and stop abusing the world around us to push your neoliberal agenda. Thank you.
Ok instead of a wage freeze a price freeze, how about that?
>A reduction in personal income tax for the poorest 40 percent of the population should support the purchasing power of the lowest earners.
If only there was also something the highest earners could do. Say the richest 10%, who are worth over 1000 billion euros together.
4.5 keer meer subsidies krijgen dan de buurlanden en dan klagen over een competitiviteitscrisis?
Tjah, nogal logisch dat de economie stil valt.
Als eens een vernieuwe elektriciteit/gas/auto brandstof rekening gezien?
Ik spendeerd nu dubbel zoveel aan diesel / maand.
En da’s enkel voor woon- en werk verkeer. Die belachelijk lage ‘woon- werk verkeer vergoeding’ compenseer dit niet. + niet iedereen kan met openbaar vervoer: zoals alle mensen met een ploegdienst. (en dat zijn er heel wat)
Of mensen die gewoon té ver van hun werk wonen.
Ik kan m’n geld maar 1 keer uitgeven.
And people not being able to afford goods and services will help the economy how exactly? We are already paying for helping all these businesses trough ridiculously high subsidies, but I guess now workers earn too much as well?
So instead of companies making less profit they propose that we make the whole population poorer ……… ok, got it.
Enough with the infinite growth. If people can’t afford your products at all then what
10 comments
Dat zou geen probleem zijn, ware het niet dat het systeem werkt op aandelen en de notie dat je altijd moet groeien.
En dan stopt die groei plots. En dan schuiven de aandeelhouders de kosten daarvan zoveel mogelijk af op de werkmens die al moeilijk rond komt. In plaats van zelf de klap op te vangen.
Alles moet imploderen en vervangen worden door iets nieuws. Maar ipv daarvan zitten we met een systeem dat niet wil dat je je aandelen ergens compleet weghaalt en die waarde gebruikt om nieuwe dingen te stimuleren.
**Without measures, the Belgian economy will sink into recession next year due to galloping inflation and a wage-price spiral, warns the Federation of Belgian Enterprises.**
The business world is sounding the alarm about the state of the economy. The six-monthly economic barometer of the Federation of Belgian Enterprises (FEB) shows that more and more companies are groaning under cost increases. The FEB expects the economy to ‘virtually grind to a halt’ with growth of 0.5 percent in 2023.
The FEB points to high inflation as the main cause of plummeting business confidence. In June, inflation in our country rose to 9.7 percent, the highest level since October 1982. The war in Ukraine has exacerbated companies’ already dormant supply problems – scarcity and price increases. Not only are energy prices spiking, but all raw materials – from oil to food – have become significantly more expensive. On average, operating costs have risen by 20 to 30 percent.
Because of automatic wage indexation, this derailing inflation will increase labor costs by 11 percent this year and next, according to the FEB, 5 percentage points more than in neighboring countries. As a result, we are already in a de facto wage-price spiral, the employers’ association believes. This is evident from the underlying inflation rate – which does not include energy and food – which is also already above 5 percent.
If companies cannot adequately pass on their cost increases, this threatens to weigh on their profitability and exports. The FEB concludes that economic growth will slow to 0.5 percent in 2023 due to the rollback in business investment over the next 6 to 18 months. If the wage-price spiral does not come to a halt and inflation shoots up to 10 to 15 percent, a recession in 2023 will be “still difficult to avoid.
**Measures**
The FEB is therefore calling for a number of measures to tackle the ‘competitiveness crisis’. Consultations between the government, employers and employees should result in part of the wage indexation being postponed to 2023 or 2024. A reduction in personal income tax for the poorest 40 percent of the population should support the purchasing power of the lowest earners. Special excise taxes on energy for companies should be set at zero, and to alleviate labor shortages, activation policies should be tighter.
It is five minutes to midnight and high time that policy makers become aware of the impact of the competitiveness crisis,’ says VBO executive director Pieter Timmermans. ‘At the moment, a lot of damage can still be avoided with relatively limited measures. If we bury our heads in the sand, the consequences will be much worse. Consultations between the government, employers and employees must now get underway.’
Translated with http://www.DeepL.com/Translator (free version)
Urgh why are they calling it a recession if there’s still 0.5 increase? Get your economics straight please and stop abusing the world around us to push your neoliberal agenda. Thank you.
Ok instead of a wage freeze a price freeze, how about that?
>A reduction in personal income tax for the poorest 40 percent of the population should support the purchasing power of the lowest earners.
If only there was also something the highest earners could do. Say the richest 10%, who are worth over 1000 billion euros together.
4.5 keer meer subsidies krijgen dan de buurlanden en dan klagen over een competitiviteitscrisis?
Tjah, nogal logisch dat de economie stil valt.
Als eens een vernieuwe elektriciteit/gas/auto brandstof rekening gezien?
Ik spendeerd nu dubbel zoveel aan diesel / maand.
En da’s enkel voor woon- en werk verkeer. Die belachelijk lage ‘woon- werk verkeer vergoeding’ compenseer dit niet. + niet iedereen kan met openbaar vervoer: zoals alle mensen met een ploegdienst. (en dat zijn er heel wat)
Of mensen die gewoon té ver van hun werk wonen.
Ik kan m’n geld maar 1 keer uitgeven.
And people not being able to afford goods and services will help the economy how exactly? We are already paying for helping all these businesses trough ridiculously high subsidies, but I guess now workers earn too much as well?
So instead of companies making less profit they propose that we make the whole population poorer ……… ok, got it.
Enough with the infinite growth. If people can’t afford your products at all then what