Don’t forget the company meetings where leadership says things like “this is the best quarter we have ever had”, along with “we need to work harder to stay competitive”. Sigh.
“Despite making record profits, we still didn’t hit EBITDA this year, therefore no bonuses or raises. Merry Christmas!”
That’s not true. The senior management team will be getting raises in line with inflation and also huge bonuses for those record profits. Not to mention their share value increasing.
Oh yeah check that box too, for me
You guys need to unionize and fight for raises that exceed the inflation rate. Here in Brazil, we have this in almost every type of labor.
Five years ago, the right-wing began dismantling the unions’ monetization system in an attempt to break them, and they also raised the retirement age. However, the unions are still doing their job, and every year we receive a raise above inflation.
The current left-wing government has already said that they are working to recover a monetization system for unions. They are studying a way to implement this in a manner that will make it difficult for a future government to repeal.
Some industries like programming are not quite as simple to get unionization going. Pretty much only public sector jobs have unions when it comes to programming. I wish that weren’t the case. On the flip side though, the abundance of programming jobs (when there isn’t a damn near tech recession) makes switching jobs to get a huge raise pretty clearly the way to go.
USAians are overall too dumb to figure all this out
You seem to be forgetting the 10 other reasons why relative wages are falling behind aside from ignorance
In many places they wouldn’t be falling behind if dirt poor people weren’t frothy-mouthed cheering for trust fund inheritor babies who only pay attention to hot escorts and dad’s hedge fund lawyers.
The cult of personality that adheres to the philosophy of being “self-made” doesn’t help, but anti-union practices by the US’ ruling class have been exercised since the industrial revolution, and meanwhile government has hardly ever stepped in to regulate or break monopolies.
And remember, 10 years from now, you’ll be nostalgic for this shitty time.
If a climate change superstorm, AI, riots, famine, etc haven’t gotten around to killing you yet at least. Lucky dead bastards.
I remind myself of this every time I start feeling nostalgic.
Cool old C10 truck? Wait a minute those things were $200 any day of the week when I was 18 (because they were and still are trash)
When theres literally people in the UK screaming about NHS workers getting a 5% pay rise when NHS workers earn significantly less than they would doing the same work in the private sector and considering that people actually get free healthcare from the people wjo got this pitiful raise is absolutely soul destroying. Especially when you take this meme into account.
Those people always seem to ignore the fact that 5% increase on sod all is still sod all.
"We’re making record profits!!!..
…No Steve, you can’t have a raise. Here’s a bag of Fritos!"
We made record profits but we projected unattainable goals so you can’t have a raise
Steve, if you keep complaining with your coworkers, you’ll be fired. You know what, you’re fired. And your coworkers, too, the company can’t keep up with your expenses.
awwww man…
You guys are getting raises?
Yes, but i went above and beyond
Many employers in my country are now just giving a raise to their senior executives , management and above , while keeping the low level employee wages stagnant !
Yay, Now I’m not losing money as fast.
Job hopping again for this reason. Really wish employers would pay people to stay, unfortunately employer loyalty is non existant.
True story for many people here in Argentina.
9.1? Jajajajajajajajaja (laughs in argentinian 120% yearly inflation rate)
Not to be insensitive, but how do you even survive?
They are using dollar to escape the inflation
That makes sense. Must be tough though.
The productive capabilities of the country haven’t ceased to exist. As long as that remains true, inflation is going to create wacky, uncertain, annoying situations, but it doesn’t have to provoke severe destitution as long as other safety nets are in place.
My wife just got a 4% pay increase but then the insurance premium went up by 11%. So she really got an 7% pay demotion.
Her insurance premium is 100.2% of her salary?
Maybe, I obviously don’t math well
Ugh, similar here.
It’s almost as though the governments should do their jobs and fucking put cost controls. Seriously, we need some new economic thought/ practice. Just like how several generation’s ago they figured out that wages are sticky, they need to put cost caps or restrictions to stop this shit. Instead of cutting the money supply and people’s lifelines, they need to fucking tell businesses to cut the crap and stop the bullshit. Since then pandemic every industry feels like they can price gouge and get away with it. It’s fucking ridiculous. If you put a stop to that, then you have some hope of resigning in inflation.
I’d rather have a windfall tax that taxes some high percentage of all profits beyond a certain percentage in order to disincentivize this sort of profiteering.
I’m not really for price caps but I’m very into billionaires taxed to pay public funds since they literally don’t want to pay people to work.
Price caps mean product shortages
Price caps set to low cause this. Luckily we have a lot of data available nowadays and with AI a more managed economy should be a no brainer. Pretending reigning in price gouging will cause shortages is disingenuous. Although the best way to handle this would be to increase competition.
Any price cap on a good that can be transported to markets which pay more will cause shortages in the market which pays less. Basic economics.
If you want to rein in price gouging the best way to do that is with competition and antitrust actions.
Just heard there are no merit raises this year bc the company is hurting. Started looking for a new position since I doubt they will make up for the lack of a raise next year.
3% raise, huh? How about no raise
