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My guess it's a game against inflation. People understand they're getting paid less for their hard work, and not motivated enough to work harder every day. For
by RomanPushkin 4y ago
My guess it's a game against inflation. People understand they're getting paid less for their hard work, and not motivated enough to work harder every day. For comparison, I'm spending x1.5 more on groceries than 1 year ago. Some items even x2 more expensive, comparing to last year.
Salaries aren't growing that fast.
Personally, I love what do, and this fact didn't affect the ability to work. However, I can imagine some people can get seriously affected by that.
- NegativeLatency 4y agoWhile Groceries have been impacted by inflation, the big chains in the US have also been just raising prices as indicated by their increased profits recently: https://www.wcpo.com/money/local-business-news/kroger-profits-soar-despite-rising-expenses-inflation https://www.wcpo.com/money/local-business-news/kroger-profit...
- lotsofpulp 4y agoProfit margin would be the relevant metric, not profit. And as you can see, profit margin has not increased: https://www.macrotrends.net/stocks/charts/KR/kroger/profit-margins https://www.macrotrends.net/stocks/charts/KR/kroger/profit-m... Of course, a business with sub 3% profit margins maintaining sub 3% profit margins is hardly news, but inciting anger for no reason does result in more clicks.
- richardknop 4y agoCould be a factor at tech companies where lot of compensation is in a form of equity options. Especially smaller / medium sized tech companies have had their stocks go down by 50-80% in some cases. So now you’re earning much less than you thought you did plus inflation is out of control further reducing your real income.