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He doesn't lose money, he gets a smaller raise.
by sorbus 15y ago
He doesn't lose money, he gets a smaller raise.
- bendmorris 15y agoSemantics. He didn't get money that he would have received otherwise. I think it's fair to say he lost money.
- lyudmil 15y agoGetting a raise less than the rate of inflation is losing money. His purchasing power declined.
- sorbus 15y agoThe article does not make the claim that his raise was lower than the rate of inflation. If it was, then yes, it was effectively losing money.