• @Shapeofthings
    link
    511 year ago

    I have never received an inflation beating raise, not once in my life, and I’m 50 years old. The only way to get good raises is to job hop. And anyway, 3%CPI? Have they done any food shopping in the past year?

    • sylver_dragon
      link
      131 year ago

      In my 40’s and pretty similar experience. Raises are always 3-5%, with several years where they didn’t even meet that. Hell, I remember one year having manager take me out to lunch and explain to me that the company wasn’t doing any raises that year. The following year I had a new job at ~20% higher salary. And companies wonder why workers have no loyalty anymore. In the end, the only thing that has kept my salary rising faster than inflation is to job hop every 3-5 years. I’d rather not. Hell, I like the company I’m at now and they talk a fantastic game about building a long term career. We’ll see how that pans out come raise time.

      • @TurboDiesel
        link
        81 year ago

        I take any long-term pipe dreams with a grain of salt nowadays. I spent 3 years “just six more months” at a time because I believed the owner of the company. Never again.

    • @EmperorGormet
      link
      31 year ago

      Saw a store selling a gallon of milk for $7. Was an “upscale” grocery store, but come on. Half a load of bread from the bakery was $8. Where is the other half of my bread?! I walked out

    • ptsdstillinmymind
      link
      fedilink
      21 year ago

      They exclude food, fuel and some other things from CPI. The government made this change about a year ago. It’s wrong and most of us know it.

      • @ericjmorey
        link
        51 year ago

        This is easily verified to be false.

      • @[email protected]
        link
        fedilink
        3
        edit-2
        1 year ago

        This is disinformation.

        https://www.bls.gov/cpi/additional-resources/historical-changes.htm

        There have been very few changes, and none in the last few years. And when they made changes last they were small changes that only make the score more accurate:

        Changes to the CPI establishment frame (2019-2020)

        •Replaced Telephone Point-of-Purchase Survey (TPOPS) as source of retail establishment frame with data from the Consumer Expenditure Surveys (CE)

        •Eliminated redundancies and inefficiencies in survey operations and reduced household burden Use of Quarterly Census of Employment and Wages business registry to refine the location and address data from the CE

        • Use of Quarterly Census of Employment and Wages business registry to refine the location and address data from the CE

        “It’s wrong and most of use know it.” I don’t think most of anyone knows it. And the ones who do are misinformed, repeating false internet narratives without doing any sort of fact checking.

        There’s been 13 revisions in over 100 years.

    • @danhasnolife
      link
      21 year ago

      Yeah. While I do feel like the impacts of inflation are slowly slightly (maximum price gouging achieved), 3% CPI has to be some wildly-creative math.

  • trafficnab
    link
    fedilink
    361 year ago

    Get back to me when we’ve corrected the last 30 years of wage stagnation too

  • @SayJess
    link
    201 year ago

    I’ve worked 2 manufacturing jobs in the past 2 years, and know others that work at other factories. We have not received raises that track with inflation, ever. I know this is anecdotal, but lived experiences often differ to what stats are cited.

  • @MicroWaveOP
    link
    151 year ago

    Some good news

    Raises for lower-income workers were particularly strong in early 2023. Restaurants, hotels and similar businesses hired at a brisk pace to cater to customers eager for services that were limited initially in the Covid-19 pandemic. While leisure and hospitality employment gains have slowed in recent months, workers in the industry saw their hourly pay rise faster than overall wage growth and inflation.

    Wages for manufacturing and business-services workers are also outpacing inflation. Pay gains have been narrower in the tech-heavy information sector, where several large companies have cut staff.

  • SuiXi3D
    link
    fedilink
    121 year ago

    Where? My rent has gone up $200 for the third year in a row. Over 5 years my rent has gone up 33%, meanwhile my pay has only gone up 25%.

    • BombOmOm
      link
      -11 year ago

      Renting is often more expensive monthly than owning a home. Obviously this differs by area, but particularly as you get out of the city, homes get downright inexpensive.

      • @ClarissaXDarjeeling
        link
        61 year ago

        I don’t think this is true at the moment (with interest rates) or in cities, as a rule. A 2-bedroom apartment rents for $3K but sells for $1M+ where I live in the Boston area, so a mortgage payment would be at least double our rent :(

        I’m at the point where I very much want to own a home - emotionally - but it’s hard to justify financially.

        • Turkey_Titty_city
          link
          fedilink
          31 year ago

          yep. my apartment is 2500 a month. but it would sell for almost a million bucks.

          2500 gets me a 400K house at best, which is a tear-down.

      • Turkey_Titty_city
        link
        fedilink
        41 year ago

        speak for yourself. in my local market real estate prices have gone up 50% in 3 years. and rents have only gone up 20%

        • Action [email protected]
          link
          41 year ago

          It’s entirely dependent on housing stock supply.

          In a lot of cities, new housing development is deliberately surpressed, which in turn causes rent to skyrocket. In other areas, where land is still cheap, its very often cheaper (in the long run, maybe 10-20 years) to just get a mortgage to buy or build a house because newer housing stock is still being put into the system to which helps regulate the max price landlords can get away with before people just start building their own homes or buying new one from developers.

    • Pogogunner
      link
      fedilink
      81 year ago

      The CPI has been changed over and over to deliberately understate inflation. Hedonics and owners equivalent rent stand out particularly strongly

      • @ericjmorey
        link
        31 year ago

        Yet comparisons of methodologies show little difference.

        • Pogogunner
          link
          fedilink
          11 year ago

          Right, they did it for fun. Not to keep COLA low, or any other perverse incentive the government has.

          • @ericjmorey
            link
            11 year ago

            They published their reasons for methodology adjustments. But you’ve made up your mind regardless of the facts.

    • @ericjmorey
      link
      31 year ago

      CPI doesn’t include the data it includes now?

  • @DannyMac
    link
    61 year ago

    Cool, I’ll print this out and share it with my employer

    :(

  • @Shardikprime
    link
    21 year ago

    That’s why in IT field workers don’t trust unions and we just job hop every 2 years give or take

  • billwashere
    link
    21 year ago

    Correct me if I’m mistaken but if EVERYONE gets raises beating inflation, doesn’t that make inflation worse?