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I used to work with team members in Argentina. They received in local currency, so they had salary raises every now and then. It sometimes didn't match inflatio
by cardosof 5y ago
I used to work with team members in Argentina. They received in local currency, so they had salary raises every now and then. It sometimes didn't match inflation, though, and the moment the members started talking about missing eating premium meat or going to restaurants, I knew the company was running late to one of those raises.
- Jtsummers 5y agoThe raises are often negotiated months to a year in advance based on predicted inflation (and other factors). This means they can easily fall short. When inflation rises enough faster than expected, there may be additional raises put in to compensate, but it isn't guaranteed.