Inflation and Wages

[EternalShore]

Something I kinda just realized is that one's raises aren't actual raises~ Sure, it's theoretically more money, but in actuality, unless you're getting them really frequently or they're really high relative to your wage, you'll still be losing money every single year due to inflation~ >_< Even if a company tries to match their raises with inflation, which means you're effectively still not getting actual wage increases as one generally thinks that a raise is supposed to do, you'll effectively still be losing money because the offical indexes undervalue the price increases of everything that actually matters (food, shelter, medical care, children, etc.)~ >_< this makes performance-based raises sound even worse as you're effectively doing more than you should be to earn the same wage you did before~ >_<

 

[SASU-KE]

This year I didn't get any raise. The company I work for decided not to give their employees a hike this year . So I guess that we're actually taking a pay cut due to inflation.

 

[EternalShore]

This year I didn't get any raise. The company I work for decided not to give their employees a hike this year . So I guess that we're actually taking a pay cut due to inflation.

yup~ :( it sucks so much~ >_<

 

[Pluto]

 

[jw_sisyphus97]

Of course, if every company tries to match raises to inflation, you just get more inflation. Stuck either way unless relative price of housing and healthcare goes down.

 

[Hvergelmir]

Of course, if every company tries to match raises to inflation, you just get more inflation. Stuck either way unless relative price of housing and healthcare goes down.

That's actually rather insightful. It's crazy how disconnected money has become from resources.