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Salary increases are seriously lagging inflation.. (especially true if you use a more meaningful inflation metric than CPI) There's less & less incentive to be
by elevenoh 5y ago
Salary increases are seriously lagging inflation.. (especially true if you use a more meaningful inflation metric than CPI)
There's less & less incentive to be an employee in the traditional sense.
What I'm hearing more & more:
Pay me in crypto. Give me equity. Else I'm not interested.
- giantg2 5y agoIs there another metric?
- meheleventyone 5y agoCPIH for example in the UK which nominally includes owner-occupier housing costs that aren't part of normal CPI but doesn't contain the elephant in the room which is the increase in house prices.
- M2Ys4U 5y agoThere's RPI, I guess
- IMTDb 5y agoHow does the currency you are paid with changes anything (apart from tax evasion) ?
- jcbrand 5y agoSo you're willing to be paid in Venezuelan Bolivars?
- elevenoh 5y agoBeing paid in fiat means my default income stream is a depreciating one. I'd prefer to be paid in an evolving currency, one emerging out of maximal open-competition. Why? Nothing breeds a better result.
- quickthrower2 5y agoHow you get paid doesn’t matter. Convert it all to crypto if you want on payday.
- radiator 5y agoBut that would be only half the solution. If the value of fiat decreases daily, then you should also negotiate a salary raise every month? Most people do not get raises more than once per year.
- quickthrower2 5y agoCryptoo is too volatile vs. goods and services. If you negotiate a 2 BTC/y salary for example you could be rich or flat broke next year depending on factors such as if Elon Musk is pro-dog-based-coin or pro-original-coin You’d quit if the monthly 1/6 BTC salt was worthless so the job is effectively a call option on BTC
- _dain_ 5y agoAnd how is your employer going to pay you in the same amount of crypto each month, if that crypto is mooning? The company's revenue stream is still in fiat, which they must use to buy that crypto to give to you, so eventually you will become too expensive to employ.