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I haven’t had a raise in two years. In fact some of my benefits have been reduced, so I’m making less than when I got hired. Next week I start a role with a 20
by Carrok 2y ago
I haven’t had a raise in two years. In fact some of my benefits have been reduced, so I’m making less than when I got hired.
Next week I start a role with a 20% pay bump. Staying is only justified if your company actually reacts to the realities of the world and the job market.
- bluGill 2y agoYeah, as a "stayer" I've learned every few years the company will give everyone a 10% pay raises just to catch back up. I hate switching jobs so I don't want to leave, but companies haven't figured that out. It isn't hard - inflation is a known % every years, your average raise needs to exceeded that - once someone has experience they are only worth a cost of living raise, but juniors moving up to senior should be getting large raises every year to reflect their growth. Yet HR/management never looks at inflation before figuring out raises even though not matching inflation is how you fall behind and lost people with experience. Of course companies have not yet learned to value experience. I'm not sure what will teach them that.
- bornfreddy 2y agoThe cynic in me is certain that inflation, among other things, is a tool for lowering peoples' wages. Not in numbers, but in value.
- spencerchubb 2y agothe fed typically aims for 2% inflation because if they aim for 0% inflation, the economy may experiencr deflation. if you get stuck in a deflationary spiral, it's very hard to get out also since 2% is the typical target, they have a little room to lower rates and stimulate the economy, such as what happened in covid
- Aerbil313 2y agoThere are alternative theories as to why FED keeps inflation at %2, despite what they say. It's a rabbit hole. https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/
- usefulcat 2y agoIt also reduces the value of debt.
- redblacktree 2y agoEven if it isn't designed this way, it's a welcome benefit to many.