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Who benefits in the spiral of rising wages and rising prices?

 Who benefits in the spiral of rising wages and rising prices? Inflation rose in many rich countries, leading to higher wages and prices. But neither companies raising prices nor workers getting a raise are unlikely to benefit. Discontent is growing in some post-pandemic OECD economies. Households say companies are taking advantage of price increases, which have helped push the average inflation rate in rich countries to 6.6% over the past year. Companies put these allegations aside and believe that they are the real losers. They complain employees are demanding ever higher wages. Earlier this month, Andrew Bailey, Governor of the Bank of England, caused controversy by suggesting that workers should moderate their wage demands - even if he has failed to ask You don't raise prices. Collectively, economic output must go to the owners of capital, in the form of profits, dividends and rents; or for labor, in the form of wages, salaries and benefits. Economists call this the "capit...
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Shopee parent company may be in trouble because it is banned in India

Shopee parent company may be in trouble because it is banned in India If it is banned from operating in India, the globalization ambitions of parent company Sea will face many obstacles. After the ban with 54 Chinese apps and games such as Garena Free Fire, CuteU Pro, Isoland 2: Ashes of Time Lite, Rise of Kingdom, SmallWorld..., the All India Traders Union (CAIT) continued to call called the government of this country to issue more bans on Shopee. "It's surprising that Shopee is not on the list of banned apps, even though it has the same parent company as Garena Free Fire and is owned by Tencent," CAIT Secretary General Praveen Khandelwal posted a comment on the website. on Twitter with the hashtag "#BanChineseShopee". For Mr. Praveen Khandelwal, Shopee "is a Chinese company". Garena Free Fire is owned by Singapore-based Sea and Tencent is the majority shareholder. Sea presents itself as a global consumer internet company incorporated in Singapore. Te...
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50% Inflation Makes Argentinians Look to Bitcoin Credit Cards

 50% Inflation Makes Argentinians Look to Bitcoin Credit Cards Cardholders can pay at any place that accepts Visa and get 2% cashback in Bitcoin. Cryptocurrency exchange Lemon Cash is planning to increase the issuance of digital currency cards in Argentina to 3 million units this year, as inflation there increased to 50.7% in January compared with the same period last year, according to key figures. The government of this country announced on February 15. In November 2021, Lemon Cash first launched this type of Visa card. When paying, Lanin Pay (a payment company in El Salvador) will convert the digital currency in the customer's account into pesos to pay the seller. With each transaction, cardholders will get 2% cashback in Bitcoin. By the end of last year, Lemon Cash had issued 100,000 tokens. Lemon Cash digital currency visa card. Photo: Lemon Cash Lemon Cash digital currency visa card. Photo: Lemon Cash Although the card was originally a marketing tool, it is now being used by ...
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Lifetime experience of a couple with 8 sources of income

 Lifetime experience of a couple with 8 sources of income Before making a million dollars, Craig and Carrie Clickner compensated for too much work and kept the employee mindset instead of the owner mindset. Craig and Carrie Clickner are two American startup entrepreneurs, co-authors of the part-time book "So You Want to Start a Side Hustle: Build a Business that Empowers You to Live Your Life, Your Way". They currently have 8 sources of income, from activities in the field of business consulting, book writing, speaking, training, house rental to stock investment. Below is what Craig and Carrie shared on CNBC about the mistakes they made during the startup process. Like every other couple, one of the best things about freelancing is getting out of office hours. We both left the company a few years ago. For now, we can focus on the things that really matter to us, like spending time with our kids, traveling, and doing charity. Before we met, both Craig and I had several part-ti...
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Warren Buffett's VP: 'People criticize the rich for being jealous'

 Warren Buffett's VP: 'People criticize the rich for being jealous' Billionaire Charlie Munger admits the world is under stress because of inequality, but thinks those who criticize the super-rich are jealous. "It's human nature. We look around, look at other people and envy them if they have more," Munger said in an interview with Yahoo Finance ahead of the Daily Shareholders' Meeting. Journal, "That envy is always a big deal." He is currently the Chairman of the Daily Journal. Munger is also the vice chairman of Berkshire Hathaway and the right-hand man of investment legend Warren Buffett. He and Buffett chair the annual Berkshire Hathaway Shareholders' Meeting, answering investors' questions about a wide range of issues around the world. According to Forbes, Munger currently owns $2.4 billion. Charlie Munger - Vice Chairman of Berkshire Hathaway. Photo: AP Charlie Munger - Vice Chairman of Berkshire Hathaway. Photo: AP A study by the N...
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Facebook leaves the top 10 most valuable companies in the world

 Facebook leaves the top 10 most valuable companies in the world The stock price has dropped to a record in the past few weeks, leaving the market capitalization of Meta Platforms - Facebook's parent company to only $ 565 billion. According to Bloomberg data, with 565 billion USD, Meta is currently the 11th largest company by market capitalization in the world, after Tencent Holdings (China). Last year, Meta Platforms ranked 6th with a market capitalization of more than 1 trillion USD. Shares of the company have plummeted in the past two weeks, as the fourth quarter of 2021 financial reports showed that user growth slowed and profits fell. These news sparked the worst trading session in the company's history, causing the market capitalization to evaporate more than 200 billion USD. List of 10 largest companies by market capitalization in the world today. List of 10 largest companies by market capitalization in the world today. Meta capitalization has evaporated half of its Sept...
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How China dominates Africa's infrastructure sector

 How China dominates Africa's infrastructure sector Strong capital, government support, flexible approach and fast construction speed help Chinese enterprises surpass European and American rivals in Africa. The Economist says that when it comes to the construction of large projects in Africa, China has no rival. Beijing-backed companies have redrawn the continent's traffic map. Thanks to Chinese engineers and banks, you can catch a train in Lagos to Ibadan in Nigeria, drive through parts of eastern Congo in hours instead of days, or fly to dozens of new airports. from Zanzibar to Zambia. That is not to mention a series of other works, from skyscrapers, bridges, dams or harbors. In the past that was not the case. In 1990, American and European companies accounted for more than 85% of construction contracts on the continent. Chinese companies are not even mentioned. Now, Western companies are struggling to land contracts in this rapidly growing market. The World Bank forecasts in...
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