Ok, so is it just that you don’t understand how inflation works? If we just expect to “get a better paying job” without raising wages along with inflation, then we’d all be earning the same as people did a century ago, while the cost of everything would still go up.
Can you imagine how hard it would be, to afford things today, if you still only earned 25 cents a day? Yeah. We’re heading in that direction. Either wages keep pace with progress, or a very large portion of the population is going to rebel.
I don’t have any expectations, nor do I care if I understand inflation. If i get a higher paying job, i will be ahead of the inflation.
I don’t care what my current employer pays me, I do not negotiate. if i have to negotiate a higher salary with current employer i see that as evidence that my current employer being incompetent and not doing his job. This is ground for dismissal. So I find and move to a new company that pays my expected salary.
End of the day, my purchasing power must remain the same or increase.
So I just find a higher paying job that accepts my higher expected salary, fire my current boss, and move to the new job. It is not rocket science. It is just business, nothing personal. My service is a product, and its value rises with inflation.
In fact the moment I start any job i start looking for the next one. In this way I am always trying to upgrade my skill so that I can get the next job.
Don’t be loyal to your boss because they will never be loyal to you.
Raising wages with inflation can also cause issues as it can at times solidify the inflation that’s happened because now the cheapest thing to make now costs more to make such means people need more money to buy things.
Which is why whenever minimum wage increases it didn’t seem to actually fix anything, it just keeps the status quo where the working class are struggling, kept at the point of struggle. It’s like financial edging.
The issue that needs to actually get solved is for the rich to be less likely to hoard wealth and to stop paying c-suites exorbitant salaries, and actually being hard as fuck on their proposed taxes instead of letting them dodge it.
Raising the minimum wage absolutely does help fix things. But that help is temporary, because inflation never goes back down…only up.
The price of bread in 1930 was a dime. Now it’s as much as $3 in most places. That’s just how inflation works. If wages don’t scale with that, then people will eventually starve.
But I agree with you on the source of the current problem. Companies have stopped scaling wages to match the current inflation rates. Tax relief used to be contingent on reinvesting profits back into the company…and one of the simplest ways of doing that was to increase salaries. That is no longer a clearly defined requirement. This has allowed companies to “reinvest” in all kinds of obscure, self-serving ways instead, leaving workers behind in the process.
Ok, so is it just that you don’t understand how inflation works? If we just expect to “get a better paying job” without raising wages along with inflation, then we’d all be earning the same as people did a century ago, while the cost of everything would still go up.
Can you imagine how hard it would be, to afford things today, if you still only earned 25 cents a day? Yeah. We’re heading in that direction. Either wages keep pace with progress, or a very large portion of the population is going to rebel.
hcol does not equal how well the economy is doing, is due to much different factors.
I don’t have any expectations, nor do I care if I understand inflation. If i get a higher paying job, i will be ahead of the inflation.
I don’t care what my current employer pays me, I do not negotiate. if i have to negotiate a higher salary with current employer i see that as evidence that my current employer being incompetent and not doing his job. This is ground for dismissal. So I find and move to a new company that pays my expected salary.
End of the day, my purchasing power must remain the same or increase.
So I just find a higher paying job that accepts my higher expected salary, fire my current boss, and move to the new job. It is not rocket science. It is just business, nothing personal. My service is a product, and its value rises with inflation.
In fact the moment I start any job i start looking for the next one. In this way I am always trying to upgrade my skill so that I can get the next job.
Don’t be loyal to your boss because they will never be loyal to you.
Raising wages with inflation can also cause issues as it can at times solidify the inflation that’s happened because now the cheapest thing to make now costs more to make such means people need more money to buy things.
Which is why whenever minimum wage increases it didn’t seem to actually fix anything, it just keeps the status quo where the working class are struggling, kept at the point of struggle. It’s like financial edging.
The issue that needs to actually get solved is for the rich to be less likely to hoard wealth and to stop paying c-suites exorbitant salaries, and actually being hard as fuck on their proposed taxes instead of letting them dodge it.
Raising the minimum wage absolutely does help fix things. But that help is temporary, because inflation never goes back down…only up.
The price of bread in 1930 was a dime. Now it’s as much as $3 in most places. That’s just how inflation works. If wages don’t scale with that, then people will eventually starve.
But I agree with you on the source of the current problem. Companies have stopped scaling wages to match the current inflation rates. Tax relief used to be contingent on reinvesting profits back into the company…and one of the simplest ways of doing that was to increase salaries. That is no longer a clearly defined requirement. This has allowed companies to “reinvest” in all kinds of obscure, self-serving ways instead, leaving workers behind in the process.