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Just ask straight up. If they don't listen, and it's that important to you, then leave. I got a raise at the end of last year, as I do ever year. When they tol
by Apreche 4y ago
Just ask straight up. If they don't listen, and it's that important to you, then leave.
I got a raise at the end of last year, as I do ever year. When they told me what the raise was I immediately responded by saying "That's less than the rate of inflation, this is essentially a pay cut."
And when there was an opportunity to ask questions of the executives I asked "My raise, and I assume the raises of many of my co-workers, were less than the rate of inflation this year. Will you consider cost of living adjustments to our compensation?" The answer was usual business speak about paying competitive market-rate salaries and whatnot.
- shmatt 4y agoNow imagine every employee in your city, regardless of industry, got a 7% inflation raise. This would then push prices up even more. Pushing inflation up even more. Pushing even more inflation raises next year. Rinse. Repeat. It's a never ending loop of wage inflation The only way inflation stops, or even deflation starts, is if someone "gives up" on inflation adjustments
- brimble 4y agoThis is only true if a 7% increase in wages causes at least a 7% increase in inflation, which it doesn't. The effect you're describing doesn't shoot up forever, but approaches a limit.
- shmatt 4y agoIt's not just wages. Everything that costs money goes up "because inflation". Thus more inflation next month. This is exactly what we're going through with every month the new YoY becoming higher and higher Higher YoY inflation announced -> Companies raise prices on everything -> employees demand an inflation raise -> Higher YoY inflation announced -> ...
- brimble 4y ago> Higher YoY inflation announced -> Companies raise prices on everything -> employees demand an inflation raise -> Higher YoY inflation announced -> ... Yes. This is exactly the cycle that approaches a limit (all else being equal). Inflation-adjusting wages doesn't make inflation keep going up indefinitely.
- bubersson 4y agoAnother option is that the Fed stops printing trillions of new dollars out of thin air.
- neekburm 4y agoCompanies are welcome to stop increasing prices, but I'm not going to fall on my sword re salary negotiation to make a tiny contribution to stopping inflation.
- silicon2401 4y agoI don't care about every employer lol. My interest is my raise. If I can continue outpacing inflation, then I continue winning. How do you think rich people stay rich?
- rybosworld 4y agoThis is not correct. The underlying causes of inflation are the monetary levers that the government controls. These are money printing and taxes.
- fundad 4y agoImmigration was restricted for the expressed purpose of raising wages. It was a huge campaign promise but people didn't notice the inflation until Jan 20, 2021.
- scsilver 4y agoThis math doesn’t check out