2 ms·

Getting a raise less than the rate of inflation is losing money. His purchasing power declined.

• sorbus 15y ago
  The 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.
  • lyudmil 15y ago
    From the article: "my yearly salary increase was the lowest ever, and significantly lower than inflation"
    • sorbus 15y ago
      Well, I look like an idiot now. That's what I get for not going back to reread an article before making a claim about what it says, I suppose.