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ONLY if your wages keep up with inflation.
by rxhernandez 4y ago
ONLY if your wages keep up with inflation.
- nickserv 4y agoExactly. Unless of course your income is so high that day to day expenditures are basically a rounding error. Then you can profit handsomely from other people's misery. The rich get richer, the poor get poorer is particularly true during times of high inflation (so long as not catastrophic).
- D13Fd 4y agoYes, that's true. But that's like saying "ONLY if you don't lose your job" or "ONLY if you don't get hit by a train."
- __MatrixMan__ 4y agoRight. And the compensation changes associated with going to a different company are almost always better than letting your current company re-evaluate your pay. So if inflation causes people to jump ship to get market-adjusted pay, you now have formerly-productive people now in FNG-mode, which is a much more impactful phenomenon than inflation on its own.