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I'd imagine it mostly has to do with the giant COL increase over the last 12 to 18 months. Employers typically don't just hand out 20% raises, so everyone is o
by silisili 5y ago
I'd imagine it mostly has to do with the giant COL increase over the last 12 to 18 months. Employers typically don't just hand out 20% raises, so everyone is out looking for more money.
- PragmaticPulp 5y agoInflation, or even fear of inflation, is going to be a big factor. I see many people trying to spin this as a unilateral win for workers, but the subtext is that many of them are afraid that they have no choice but to seek higher wages just to keep up with their expenses.
- silisili 5y agoAgreed. One friend of mine, who makes plenty, decided to go job searching because raises this year for that company maxed out at 10%. It might sound petty in normal times, but costs for a lot of people have gone up by a lot more than 10% in the last year. My rent alone went up something like 20%. Look at gas. Or wood. Or food. It's like watching money slowly disappear. Here's hoping it really is transitory.
- nsonha 5y agoWhy did your rent go up. It went down in the city I live. Everyone moves further out and no one moves in
- silisili 5y agoI don't live in a major city. I unfortunately live in an area people are 'fleeing' to.
- deleted 5y ago[deleted]
- gruez 5y ago>My rent alone went up something like 20%. Your example is certainly atypical. BLS says rent is up 1.9% YOY. > Look at gas Mostly correct, up 42% YOY. > Or wood Can't find the BLS stats for this, probably because the amount of lumber the median household buys is approximately zero. > Or food BLS says it's up 2.6% YOY. Are you sure something like https://en.wikipedia.org/wiki/Availability_heuristic https://en.wikipedia.org/wiki/Availability_heuristic isn't messing with your perception?
- silisili 5y agoHousing in my area of the US is booming. Understandably, that means in others, it's doing the opposite, so it probably washes out. As for wood, I agree not everyone is out buying lumber. But that affects lots of things. Have you priced out a shed, fixing a deck, or new run of fence? It also apparently affects furniture and such to some degree. New home builders near me were putting huge 'lumber' addendums on their previous pricing. Food is a little trickier. Grocery just 'feels' more expensive, but admittedly, I don't have any data to back that up. I can certainly cede that point.
- xyzzyz 5y agoLumber was up a lot last year, but now here (PNW) it’s cheaper than pre-pandemic prices. 2x4x8 were $3.70 at Home Depot last week, which is rather cheap.
- f3d46600-b66e 5y agoIt was $2.5 for 2x4 pre-pandemic, so still has a room to go down :-)
- pfdietz 5y agoLumber as a commodity is almost back to pre-pandemic levels. https://www.nasdaq.com/market-activity/commodities/lbs https://www.nasdaq.com/market-activity/commodities/lbs
- jrockway 5y ago
- syshum 5y ago>> for that company maxed out at 10% That is high, many companies were still 3-5% in 2021, hard to predict what 2022 will look like but I am not expecting much in as many companies seem to not understand that is happening in the market...
- nsonha 5y agoWhat COL increase? My spending went down because of remote working. And you speak as if everyone lives paycheck to paycheck. Tech workers definitely don’t
- listenallyall 5y ago> you speak as if You speak like your personal experience is everybody's. Comes off as pretty arrogant.
- nsonha 5y agoi only need my personal exeprience to demonstrate (not prove) that everybody isn't the same, which is exactly what you're saying The parent comment paints the picture that everyone is experiencing financial hardship owing to worldwide cost of living surge (when did that happen?) and that people look for a new job as soon at cost of living increases as if that is how career decisions are often made (solely to keep up with inflation)
- dbish 5y agoRelated, pay has gone up for many roles as companies get desperate to hire and many companies have a logical flaw in how they value current employees. They won’t raise current employees wages to meet the new price they would pay for someone new so they lose them and pay that price anyway to the next person (then complain about attrition).