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If anything you'd probably drastically increase your salary if boomeranging. Inflation has been no joke these last years, and getting a new job usually outperfo
by krembanan 3y ago
If anything you'd probably drastically increase your salary if boomeranging. Inflation has been no joke these last years, and getting a new job usually outperforms a promotion by a large margin.
- m00x 3y agoWages don't need to track inflation. It's been going the opposite way.
- ozzydave 3y agoThe data say wages have been outpacing inflation: https://x.com/JustinWolfers/status/1702134443203289513?s=20 https://x.com/JustinWolfers/status/1702134443203289513?s=20
- wenebego 3y agoFor the past 6 months, convinient to ignore the 2 years before that, and the 30 years before that.
- toomuchtodo 3y agoBut also, importantly, not driving a wage/price spiral. https://www.frbsf.org/economic-research/publications/economic-letter/2023/may/how-much-do-labor-costs-drive-inflation/ https://www.frbsf.org/economic-research/publications/economi...
- wredue 3y ago“For 6 months” That’s some pretty important context you left out.
- IKantRead 3y agoNot doubting that chart, but it's worth a bit of skepticism. If people are making more money relative to inflation and the workforce participation rate has been steadily rising, then why is credit card debt at record highs and personal savings at near record lows? That should imply that people are buying tons more stuff than they used to, because if you make more money, don't save the money and you still need more credit where does the money go?