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Possibly the other 45% don’t see how poorly it’s keeping up with inflation?
Here’s an annual 1% raise, but let us jack up prices across the board by 10%
Not all of us. My company tried to give me 3% last year and I went and complained to HR that it didn’t even keep up with inflation, and they gave me 14% instead. Obviously, not everyone can do this. But people who have skills that are valuable to their team have more bargaining power than they know. Too many people are afraid to ask for more. Sometimes all you have to do is ask.
I appreciate this, I really try to push people around me to ask for what they are worth. Last company I was at was underpaying most people in my dept and I was rooting for so many of them to go and get a raise. Some did some didn’t, but hey know your worth! You’re worth so much more than any company wants you to think
I’m sorry, but Sales 101 teaches you, “You gotta ask for the money.” No different than working hourly or salary.
And if someone isn’t comfortable with that? I don’t know what to tell them. Employers aren’t giving anyone a massive raise just because.
And if you don’t like it? MOVE. It’s common knowledge in the tech world that no employer is ever going to give you a massive boost. Or they would have already. Improve your skills and move on.
Much of young people’s wage complaints come down to this. They take what they’re offered and feel powerless because they don’t know better.
Job before was really, really great, but my skills had advanced and I was a key player. President offered me $X.
“C’mon man. I gotta be worth at least $50K.”
“Isn’t that what I’m paying you? And if not, and if that’s what you think you’re worth, I need to hear that. Let me check with payroll.”
He came back with a much higher raise, but tried to make it out like it was now “equivalent” to $50K, having added every little benefit. No. Benefits don’t count towards yearly pay. That’s why they’re called benefits and not “pay”.
Great company anyway, but the VP pissed me off. Had a little bitch fit, went back to my office and started slinging resumes. Had a job in 2-weeks for $70K and double the benefits. Passing $80K in a minute.
Moved to this area 16-years ago. One of the guys I came with started out in an oil and lube shop, well below his experience level. He just kept moving jobs, one after the other. After several years he’s clocking $150K+.
Only 55%?
The data seems pretty clear that even in a worker shortage, real wages are going backwards. It’s almost as though markets fail as a consequence of the massive consolidation of economic and political power.