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in contrast to the austerity policies of neoliberal governments, Colombia’s reduction in inflation has been accompanied by a government-led policy to increase people’s wages — particularly benefiting some of the poorest workers, who today enjoy higher salaries and lower living costs. Moreover, these positive indicators have been bolstered by a reduction in unemployment.
✏️ An example of being able to reduce inflation while still increasing people’s wages.
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Austerity is not the only path (except for neoliberals).
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