3 ms·

The baseline belief would be that their cost mix is about the average, which is up a little more than ten percent. But you flatly asserted that they had lost pu

The baseline belief would be that their cost mix is about the average, which is up a little more than ten percent. But you flatly asserted that they had lost purchasing power. This is unlikely. You should not make such sweeping statements without first identifying some rational basis for them.

belter 5y ago
I think you missed the gist of the comment, so I am not sure I will be able to clarify further, but I will try one last time. A salary raise of around 40%, is an outlier for most "at will employees". Maybe with the exception of when transferring jobs. For the composition of expenses of most households, energy, transport and housing, are some of the biggest part of most households. With rent costs increasing in the 40 to 45%, energy in the 30 to 35%, and other costs in similar ranges, AND still increasing, what normally would be a great salary increase is supposed to be diluted in the current inflation figures. These are STILL a up trending direction ( Can hardly wait for the April figures) I provided the data to support it, and you seemed focused on the fact I did not ask xxpor to layout his private life, before making the comment? :-) For most families in the US and Europe salary increases in the 35% to 40%, still mean loss of purchasing power if you take an analysis looking at a the last 3 years and the next 3 years. Assuming that is a one off event every 3 or 4 years. With the current increases, even that type of salary change would be already diluted. That is what the highest inflation of the last 40 years means, and that was the gist of the comment. European reference: "Strongest inflation in almost 40 years" https://www.cbs.nl/en-gb/news/2021/49/strongest-inflation-in-almost-40-years https://www.cbs.nl/en-gb/news/2021/49/strongest-inflation-in... US reference: "US inflation highest in 40 years, with no letup in sight" https://abcnews.go.com/US/wireStory/us-inflation-hit-40-year-high-january-82790392 https://abcnews.go.com/US/wireStory/us-inflation-hit-40-year... "More Than 40% Of Companies Say Workers Have Asked For Higher Pay To Offset Inflation. Few Have Revised Salary Budgets." https://www.forbes.com/sites/jenamcgregor/2022/03/14/more-than-40-of-companies-say-workers-have-asked-for-higher-pay-to-offset-inflation-few-have-revised-salary-budgets/?sh=70cbbdf77ca7 https://www.forbes.com/sites/jenamcgregor/2022/03/14/more-th...

belter 5y ago

I think you missed the gist of the comment, so I am not sure I will be able to clarify further, but I will try one last time. A salary raise of around 40%, is an outlier for most "at will employees". Maybe with the exception of when transferring jobs. For the composition of expenses of most households, energy, transport and housing, are some of the biggest part of most households. With rent costs increasing in the 40 to 45%, energy in the 30 to 35%, and other costs in similar ranges, AND still increasing, what normally would be a great salary increase is supposed to be diluted in the current inflation figures. These are STILL a up trending direction ( Can hardly wait for the April figures) I provided the data to support it, and you seemed focused on the fact I did not ask xxpor to layout his private life, before making the comment? :-) For most families in the US and Europe salary increases in the 35% to 40%, still mean loss of purchasing power if you take an analysis looking at a the last 3 years and the next 3 years. Assuming that is a one off event every 3 or 4 years. With the current increases, even that type of salary change would be already diluted. That is what the highest inflation of the last 40 years means, and that was the gist of the comment. European reference: "Strongest inflation in almost 40 years" https://www.cbs.nl/en-gb/news/2021/49/strongest-inflation-in-almost-40-years https://www.cbs.nl/en-gb/news/2021/49/strongest-inflation-in... US reference: "US inflation highest in 40 years, with no letup in sight" https://abcnews.go.com/US/wireStory/us-inflation-hit-40-year-high-january-82790392 https://abcnews.go.com/US/wireStory/us-inflation-hit-40-year... "More Than 40% Of Companies Say Workers Have Asked For Higher Pay To Offset Inflation. Few Have Revised Salary Budgets." https://www.forbes.com/sites/jenamcgregor/2022/03/14/more-than-40-of-companies-say-workers-have-asked-for-higher-pay-to-offset-inflation-few-have-revised-salary-budgets/?sh=70cbbdf77ca7 https://www.forbes.com/sites/jenamcgregor/2022/03/14/more-th...