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.
deleted by creator
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.
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.
Danny-fucking-Kaye
9.1? Jajajajajajajajaja (laughs in argentinian 120% yearly inflation rate)
Not to be insensitive, but how do you even survive?
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.
They are using dollar to escape the inflation
That makes sense. Must be tough though.
You guys are getting raises?
Yes, but i went above and beyond
I knew someone had to have said it… Lol… I don’t even need to scroll further to see if there was anyone else.
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 !
Fuck I hate this world we live in
deleted by creator
Well, we are facing the exact same inflation problems, so yeah
Inflation is actually going down, and the latest report was at 3.2% which is a lot less than it was a year ago and closer to the 2% target.
CPI isn’t even close to actual cost of living anymore. It’s just an average of cherry-picked costs.
The basket used for CPI is adjusted annually to replicate the average expenses for a person.
The real issue is just how to measure items such as housing and education expenses.
Someone who bought a house 40 years ago probably isn’t paying anything. Twenty years ago and they’re only paying a few hundred. Five years ago and they’re paying a couple thousand. Renting today and they’re paying a bit more. Similar issue with education.
If you live in SoCal or another VHCOL area, you’re probably experiencing a different level of COL change than someone in the middle of Iowa.
And how do you handle the changes in the basket? Did consumer taste change or are people changing their buying habits to match their budget?
CPI is just a way to take thousands of variables and boil them down into one number.
Oil companies decided to lower their production all together because prices were too low, that shit is hitting right now and it’s just the beginning
Sadly, while the inflation rate is positive, it’s cumulative on the previous >1.5 years of high inflation. So, unless we’re paid more sometime soon, we’re still being permanently short-changed.
Literally just pay attention to the real wages component of the same BLS release CPI is included in
Inflation, literally, never goes down.
Inflation is per se the value for rising, the speed does vary.
deleted by creator
Job hopping again for this reason. Really wish employers would pay people to stay, unfortunately employer loyalty is non existant.
"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
awwww man…
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.
Yay, Now I’m not losing money as fast.
deleted by creator
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.
More like greed. Inflation because they have record profits, pay their employees less *(relative to inflation )and charge more for their products
You think inflation is due to record profits?
And by pay employees less, what do you mean? Like relative to inflation? Or is there a company that actually lowered hourly wages?
I can sort of agree with the charge more part I guess. But it’s pretty obvious that inflation is largely caused by increasing the money supply. This has been shown repeatedly throughout history and isn’t really debatable unless I’m missing something. It’s sort of like how the more slices you cut a pizza into, the smaller the slices become. Charging more for the pizza, paying the pizza employees less or the pizza company making more money doesn’t impact slice size unless they increase the number of slices or the size of the pizza itself.
paying the pizza employees less
so the employees can literally not pay their bills and you run a billion dollar pizza company.
Might want to take this all back.
Haha what? This was a hypothetical comparison of the number of pizza slices per pizza and inflation. These pizza employees do not exist, but if they did I would support them being paid more not less.
Did you actually think I ran a pizza company?
No, I’m saying your little metaphor is terrible and the main driver of inflation, currently, is literally businesses not wanting to pay people.
That’s just not how inflation works.
It does when the price of things goes up (especially on essentials) and creates profits and no one is paid enough to live but creates those profits.
If my employer refuses to pay me a living wage even though they can, I can’t magically buy a new car if I need one, especially if the prices on cars went up by, example, 30%. ESPECIALLY if my employer refuses to pay me more.
It’s inflated TWICE actually because the price goes up normally, and again because my pay did not increase. My pay actually took a loss because it didn’t get raised enough to be proportional to x% inflation.
This is why rightoids don’t care what leftists have to say about the economy fam. It doesn’t matter to them if your overall point is correct when you go around redefining words to fit the agenda just because you don’t know the actual terms.
You could have tossed out terms like purchasing power, cost of living, or even just slapped “effective” in front of inflation to sound like you remember your high school economics but instead you decided to call a deflationary pressure double inflation.
Great explanation
Are you being deeply sarcastic right now? That was a bunch of nonsense.
unless I’m missing something.
You’re missing a shitload. “Government bad” ideological blinders will do that though, so here’s some info to get caught up in case you’re capable of a good faith discussion or just want to know what is really happening:
deleted by creator
In Belgium we have automatic wage indexation based on inflation of certain product. Some right wing parties want to get rid of it, but luckily it’s still here.
https://en.wikipedia.org/wiki/Consumer_price_index_(Belgium)
Sounds like right wing is just as evil and stupid in the east as it is in the west…! :-)
Do you think Belgium is an eastern nation?
I’m in France, and I think yes.
Everything is east. Even here is east of here.
Unless you go the other way, then everything is west.
That’s relative i guess
You have no idea how lucky you are. Then again, you have to live in same country as Charleroi, so it kinda balances it out.
