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You’re supposed to be getting raises to keep up with inflation. Inflation means rising cost of everything, including your labor. What is your source of a fixed
by jliptzin 3y ago
You’re supposed to be getting raises to keep up with inflation. Inflation means rising cost of everything, including your labor. What is your source of a fixed income? Even social security has cost of living adjustments.
If it’s an annuity, you can get annuities that vary based on changes to the CPI. If you put a lot of money into a fixed annuity years ago, you did not properly hedge interest rate/inflation risk.
- phone8675309 3y agoWhat you call "not getting a raise" is what companies called "getting a discount on labor"
- jliptzin 3y agoWhich is why laborers need to demand a higher wage to keep up with higher COL, like every other supplier in the economy would.