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"An annual income that typically grows 2.5%" If you're lucky enough to work at a company that does actually have a policy of CPI pay increases every year. Of
by malbs 15y ago
"An annual income that typically grows 2.5%"
If you're lucky enough to work at a company that does actually have a policy of CPI pay increases every year.
Of all the companies I've worked for (7), only 1 did.
- Timothee 15y agoAs I can't be the only one: CPI is the Consumer Price Index. Basically how much what you pay for something will change over time. (if I understood correctly) http://en.wikipedia.org/wiki/Consumer_Price_Index http://en.wikipedia.org/wiki/Consumer_Price_Index
- roel_v 15y agoOf those 7 companies, only one gave raises? (yes I realize that you are thinking about keeping up with inflation, but my point is that that's irrelevant for the point the grandparent is making)