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So Quantitative Easing in the eurozone is working, then?

LucreLout

@Any mouse Cow turd

I have yet to see an economics article complaining about the effect of low cost airlines or computer cost reductions or the "discount" supermarkets on living standards. Personally these effects have given me increased disposable income to spend elsewhere.

From what I can find quickly, the average wage of a stewardess was about 2000 USD per month in 1987 http://davidcard.berkeley.edu/papers/airline%20labor%20earnings.pdf

Throwing on a bout of inflation brings us to about 4200 USD. Now stuffing that through an FX calculator gets us to 2751 GBP. The average today according to payscale is currently just north of 1200 GBP.

Things then, may not have been great for the European trolley dolly. The increased disposable income you enjoy has come from the wage premium once demanded by air crew. Discount supermarkets similarly pass along to you what was once the income of the farmer. You sir, are then the fat cat of which you speak.

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