39/ However, here we meet another weird dynamic: in Norwegian union “culture” they negotiate first with the export industry. Because the thinking goes that they are more sensitive because they are exposed to currency fluctuations. But remember they are raking it in on the currency exchange. So now that deal is pretty great for workers. But… the rest of the Norwegian economy is not great and they get hit with yet another blow: first imports got way more expensive, then the interest rates shot up (absolutely doing its job of cooling our not-hot economy) and now salaries shoot up.