I wasn't old enough to be employed the last time the US had inflation this high but I can tell you that my current employer has stated that we aren't getting co

I wasn't old enough to be employed the last time the US had inflation this high but I can tell you that my current employer has stated that we aren't getting cost of living adjustments despite the high inflation. Instead they're claiming that raises will be based on each employees contribution to the company. Which would be great if they actually meant it since all of us engineers would be getting very significant raises. What will actually happen is that all of us will get about 2% raises, a bunch of people will quit because the job market for developers is great right now, and then the company will hire in a bunch of junior devs for higher wages than the current junior devs are getting.