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Psychologically, if prices go up, you think "oh no, inflation!" but when your wages rise concomitantly, you think "I worked hard; I deserve this raise for my gr
by ForHackernews 3y ago
Psychologically, if prices go up, you think "oh no, inflation!" but when your wages rise concomitantly, you think "I worked hard; I deserve this raise for my great performance"
People think about prices in terms of macroeconomic factors, but their own income as the result of individual factors.
- deleted 3y ago[deleted]
- MichaelMoser123 3y agonot sure that everyone is getting a raise this year.
- silverquiet 3y agoAfter a layoff, I'm making less in nominal terms (forget real terms) than I did in 2020. That said, I'm in a much happier position (sadly I think only for the time being) than I was after escaping a private-equity-created misery factory, so that's a plus at least.
- ForHackernews 3y ago^ Case in point: you discuss only your individual situation, not a word of this is about the macroeconomic environment driving your employers' decisions.
- silverquiet 3y agoOh, I think Private Equity is quite in control of a large portion of the macro economy, much to the horror of American workers.