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.

 

[never mind me]

The world is just mightily fucked imo. Where I live we have inflation + pay cuts (the latter only in some industries though).

 

[Acidic_Fries]

Funny thing is that because of inflation some people eat worse food because healthy food is expensive.

Therefore just like the inflation fetish, some people get inflated over time ever since the inflation started in 2008.

 

[Macedonian1987]

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~ >_<

Based on advanced inflationary and monetary calculations, I have reached a horifying conclusion: to maintain a quality of life equivalent to that of the 1960s in the United States, an individual today requires an estimated monthly income of $10,000 to $12,000.

No wonder life sucks nowadays and people cannot even afford the base neceseties.

 

[JeyJeyOfJeypore]

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~ >_<

Yes

 

[BradGuy123]

Wages and raises rarely keep up with inflation. Sadly it's been like that for a long time.