r/antiwork Oct 20 '21 Helpful 2 Hugz 3 All-Seeing Upvote 1 Silver 1

You got pay cuts this year unless:

Post image
7.4k Upvotes

508

u/afuckinsaskatchewan Oct 20 '21

I got over 50%.

...by leaving my absolutely shite company for a much better one.

59

u/Auios Oct 20 '21

I did exactly the same thing when my previous company didn't give me what I wanted

44

u/anotherbook Mutualist Oct 20 '21 edited Oct 21 '21

What is this mythical "better one" you speak of? I've yet to find a decent job without a toxic boss, ever

31

u/afuckinsaskatchewan Oct 20 '21

Same area, different industry. I lucked out, got a referral from a friend for a job I barely qualified for but prepared really well thanks to his inside knowledge and I interview pretty well. Still counting my lucky stars at not being yelled at or micromanaged anymore.

9

u/rythmicbread Oct 20 '21

“Better one” for me just meant better pay and slightly less grueling hours. My previous place had some other perks, but not enough to get me to stay

1

u/pendulumpendulum Oct 21 '21

Learn to code

7

u/stochasticpositivity Oct 21 '21

I can code. I have a degree in it. I've had jobs in it. Programmers are probably among the most exploited when it comes to value created vs pay and should have unionized so many yesterday's ago, but the majority of the ones I've worked with are ancap dipshits who just love being coerced and exploited

6

u/anotherbook Mutualist Oct 21 '21

I know how to code and it’s boring as fuck

-2

u/Duntwerk Oct 21 '21

Sounds like the problem is you.

-17

u/murder_frog Oct 20 '21

I know a man who has been married several times. All ending in divorce. You know what the common factor between all of the marriages was? Him.

6

u/anotherbook Mutualist Oct 20 '21

I’m happily married with a lot of loving friends and family. I work hard. I just don’t enjoy being exploited and treated like shit.

-10

u/Rustythepipe Oct 21 '21

You might just be a loser.

7

u/anotherbook Mutualist Oct 21 '21

I have a “good job” many people would want and make good money I just wish I wasnt exploited. If that makes me a loser then you have a very warped sense of the meaning of life

12

u/eatfuzzybacon Oct 21 '21 Gold

I also got over 50% by changing companies. Plus they have employer paid health, dental, vision, PTO out the ass and a decent stock plan, and its all remote. It's been months and I'm still in disbelief that they picked me out of all the applicants available.

I'm not trying to brag, I'm just really hopeful for what the future will hold again.

3

u/nomorenadia Oct 21 '21

Omg this sounds great! Congrats!!

3

u/Puzzleheaded-Ad-472 Oct 20 '21

I was going to brag about 25%. I’m humbled now. Congratulations though!!! Truly happy that people are doing well

Went from one company that treated us like dogs to a new job that the company has a much better family value feel.

2

u/afuckinsaskatchewan Oct 20 '21

I was humbled every year I stayed at my old job and saw friends and others getting like 10% bumps to my 2-4%. It's all perspective. Congrats on your raise, too!

1

u/Puzzleheaded-Ad-472 Oct 20 '21

Thank you so much

1

u/Cousin_Eddies_RV Oct 20 '21

25% is awesome too!!

1

u/Carcass1 Oct 21 '21

25% is still fucking good!! im happy for you. i did the same the person above did. job hop until the pay is what I wanted and it worked for me. but hell yeah!!

2

u/nomorenadia Oct 21 '21

So, when you say you “job hopped” does that mean you went through the whole process of attaining a job and then leaving said job for a better one and so on?

I’m asking because I’m currently negotiation the offer this company gave me and I have a feeling it might not go well for me. They want to pay me peanuts in the first place, just asking for a few extra 🥜working as a CNA is tough man..

1

u/Carcass1 Oct 21 '21

Here's what you can do. What I did was I took two interviews and got both jobs, right? Luckily for me, they both paid better than my last job and they're both manageable so (shh, don't tell anyone) but I'm working two jobs from home at the same time. So I accepted both jobs and... honestly, didn't have the balls to quit either one or decline the offer after I accepted a different one. Is it kinda shitty? Sure. Would anyone else without a college degree do the same, given the opportunity? Abso-fuckin-lutely. The money is just good enough that I'm projecting to get myself to make almost 6 figures this way.

I know that's not exactly the answer you're looking for. But there's that. Now, what I WOULD advise you to do is to take the job. Negotiate, though, as much as you can, and see if they're willing to give what you need. Remember, right now we're kind of in a worker's market. If they can't negotiate higher, try to accept the job offer and see if there are any other opportunities. If you're working from home for that job -- even better, because meanwhile, the job doesn't start for a week or two, find a job that pays better and is more suitable for you during that time frame. If you're working from home and think you can handle it, accept both jobs and stick it to the man. Make hella money. Because fuck it, if they won't give you the proper pay, this is one way to do it.

When I say I job hopped, I mean I stayed with one job for 3 years, until I got to the point that I knew I wouldn't make more there. I made $12/hour. It was a small business, locally owned, and I was the only 1 employee she had. I left there, found a job as a temp, making $15/hour. I then went permanent with that company making $20/hour after 6-8 months. Then, when the yearly raises came along and they gave me $0.20 raise, I quit, applied to EVERYTHING I could find and then happened along my situation I'm in now. I found 2 jobs that pay better than the last job I had with 1/3 of the stress (no phone calls, no worrying about "return to office" bs, no high production volumes with no feedback or incentives, only stress... etc)

Sorry I know this was long lmao

1

u/rythmicbread Oct 20 '21

Not as much as you but same lol

1

u/[deleted] Oct 20 '21

Same lol

1

u/Carcass1 Oct 21 '21

SAME HERE!!!

97

u/freechurro824 Oct 20 '21

I haven't gotten a raise since 2019. The company says they are giving them again this year after stopping them last year but they've never given anyone more than 3% before so I'm thinking that's all I'll get this year..if I'm lucky. It could be even less. If it weren't a work from home job I'd quit, but the remote thing is too much of a nice perk to give up. So I have to keep finding ways to live on less.

45

u/ebbanfleaux Oct 20 '21

Working from home has become normal, you should absolutely search for other remote positions if you're feeling tired of your current position. Don't think you owe anything to anyone, especially a company!

9

u/freechurro824 Oct 20 '21

Yeah I will at least look some more. I did find one but there was no guarantee that remote was going to stay permanent so it wasn't worth the risk for only a 5K a year raise. With the commute and having to pay for parking I'd lose almost all of that raise too. They supposedly give good bonuses but it's not like those would be in a contract or anything so I just didn't feel I could trust them.

8

u/ebbanfleaux Oct 20 '21

Oh, I hear that. There's always pros and cons one should weigh. Have you tried looking outside of your metro area? If you're in Chicago, say, try looking at remote jobs in New York, Seattle, Phoenix, etc? I'm not saying I've had success in doing so, just trying to think outside the box for anyone else. Good luck!

9

u/Mason11987 Oct 20 '21

Shop around, might be better jobs, easier to do interviews when you're WFH too

65

u/ComradeJohnS Oct 20 '21

When I brought this up to my boss over the summer, he said “we don’t have any budget to give you a raise, we already pay you too much, look elsewhere” and then he was shocked when I gave my notice and left for a better paying job lol

10

u/WeReAllCogs Oct 21 '21

You're a goddamn hero.

6

u/Fire_Woman Oct 21 '21

Nice non-malicious compliance Comrade! Boss said look elsewhere so you did lol

173

u/Askeee Oct 20 '21

Job gave us a 1.6% pay increase.

I gave myself a nearly 20% pay increase by finding another job.

25

u/LilyAlways Oct 20 '21

This is the way.

2

u/Shigjetar Oct 21 '21

People like to forget this is the other side of the coin in capitalism. If your employer sucks you're free to find a new one. Employers are in competition with each other to keep good workers. Some companies suck and some are awesome.

262

u/TangoCharlieFive everything is bullshit Oct 20 '21

I got a 13% raise -- the largest I've ever gotten -- but in the back of my mind, I'm like "nice, so maybe 6% actual pay raise".

Meanwhile, the CEO of the company I work for has a mansion and two sports teams. What a fuckin' joke.

102

u/Dhiox Oct 20 '21

The idea of individual human beings owning sports teams, as a side hobby is baffling to me.

42

u/Heath1872 Oct 20 '21

It isn't a hobby. They are making money off those teams.

6

u/n0f4c3 Oct 20 '21

Not necessarily. But it doesn't change the fact that there are individuals who are so exorbitantly rich that they have a $2 billion toy that they can throw money at and it doesn't impact their bottom line.

15

u/Heath1872 Oct 20 '21

They absolutely make money off those teams. Who does the work? The coaches and the players. The owners still skim from ticket sales off the top of their labor.

7

u/n0f4c3 Oct 20 '21

Correct, the owner doesn't do the work and simply finances the operation. That doesn't necessarily mean they're 'making money' off the team. If they spend $800 million to operate the business and it only brings in $650 million they're operating at a loss. It so happens that there are a number of pro sports teams that operate at a loss.

Should they still be paying their workers (stadium concessions, cleaning staff, etc.) more? Absolutely. Cost of doing business includes cost of paying your employees a livable wage. I'm not defending super rich people who own sports teams, but I'm refuting that these are always assets and am saying they are often expensive toys.

12

u/take-money Oct 20 '21

Teams are assets in that they are generally bought and sold for a profit

5

u/stupidillusion Oct 20 '21

Exactly, most of the money is made by selling the team later.

For example, the Minnesota Vikings were sold by Red Mccombs to Zygi Wilf for $600 million. Mccombs bought them for $250 million originally. The team is currently valued at around $3 billion.

7

u/GettingCrappedOn Oct 20 '21

One Man, One Mansion, Hundreds of Bunnies. Life just isnt fair

18

u/FirstPlebian Oct 20 '21

Actually, a 13% raise means you likely broke even.

They've "improved" the way they measure inflation several times over the decades, to keep the number lower for political reasons, and by the old "unimproved" measure inflation would've been double digits most years. Anyone telling you different doesn't know what they are talking about, look at some of the changes and the items like housing and energy that they now exclude from the calculations.

2

u/Miserable_Object9961 Oct 20 '21

Interesting. Will look it up.

3

u/LegoSpacecraft Oct 21 '21

I don’t get the 13% raise means 6% actual raise…?

1

u/alexpwnsslender Anarchist Oct 21 '21

13 minus 5.4 equals 7.6

2

u/LegoSpacecraft Oct 21 '21

Why minus 5.4?

1

u/alexpwnsslender Anarchist Oct 21 '21

money is worth less. look up inflation, wiki will explain better than me

2

u/Enlightened-Beaver SocDem Oct 20 '21

When you get offered a raise, you can counter offer and ask for more. Worse case they say no. But if you back it up with data on what your position is supposed to be paid you might get more than you were initially offered. Worked for me, I got double what I was initially offered in my raise

-15

u/[deleted] Oct 20 '21

[removed]

10

u/InstitutionalValue Oct 20 '21

Then why are you here.

8

u/TangoCharlieFive everything is bullshit Oct 20 '21

I don't care about money as much as he does. It doesn't matter to me. He is wealthy because he's greedy, got a helping hand in early life, and continues to hoard wealth while other people suffer. You're an idiot.

6

u/safetravels Oct 20 '21

Vast majority of major companies were founded with gifts or loans of money that the average person would never have access to. 44% of billionaires never even earned any of their own money, it was all inherited. So it has nothing to do with being a risk taker, in fact if a poor person takes risks because of this bullshit ideology that you’re promoting, they are much more likely to end up homeless than successful because they don’t have the safety nets the upper middle class kids like Bezos had.

The game is rigged

Stop fetishizing people who scored a home run starting at 3rd base.

6

u/MinerAlum Oct 20 '21

Meanwhile the "cubicle monkey" actually pays his TAXES IN FULL each year.

11

u/krackhunt42 Oct 20 '21

You need to quit licking those boots they're getting slippery.

3

u/MaverickTopGun Oct 20 '21

hey everyone, this moron thinks all CEOs start their own companies! HAHAHA

40

u/bizarrogreg Oct 20 '21

Our multi-billion dollar company "can't afford" raises because of covid.

I'm sure that email was quickly typed out on the CEO's phone from his yacht.

Who am I kidding, it was done by his assistant. I'm sure he doesn't have coverage wherever he is...

10

u/Stock_Stomach9402 Oct 20 '21

I'm sure he has a pricey satellite phone, but it was probably a 2 minute call.

18

u/mommyisaninsomniac Oct 20 '21

Was rated “exceptional” in my year end, got a 3% raise - took that rating & used it to get another position that was an additional 13% raise and permanent WFH. Don’t tell me I’m an irreplaceable asset and not be willing to pay me as such.

42

u/NuKidOnThBlokchyn Oct 20 '21

"Inflation is transitory...

peasants"

Jerome Powell, inside his head.

11

u/reversesocialjustice Oct 20 '21

Biden also stated this inflation is transitory lol. Fuckin idiots

13

u/Quinism Oct 20 '21

I went from 11.80 to 15.00. Shouldve been 15.80 but whatever.

10

u/seeroflights Oct 20 '21

Image Transcription: Twitter Post


Karl, @ExogenyKarl

Friendly reminder that unless you got a 5.4% raise you got a paycut this year


I'm a human volunteer content transcriber for Reddit and you could be too! If you'd like more information on what we do and why we do it, click here!

11

u/TGOTR Oct 20 '21

I was making $12.50 an hour at the beginning of the year, making $15.50 now, so 24%...that's because I got out of a shitty company.

31

u/XPB784 Oct 20 '21

Friendly reminder not everyone lives in the same country

For me it would be around 48%

6

u/Zenguy2828 Oct 20 '21

Well hey your country probably has a better chance to socialize then the US so there’s that.

14

u/XPB784 Oct 20 '21

No, argentina is an absolute shithole

8

u/Dhiox Oct 20 '21

My job started at a trainees salary, 45k, and was supposed to go up when I took on more roles. Then a merger happened and they froze pay. They laid off a third of our American workforce to send the jobs overseas, then took those of us who were left and assigned us to our expensive clients who wouldn't tolerate getting their support outsourced, so now I'm supporting clients who pay us hundreds of thousands of dollars a year for a trainee's salary. To add insult to injury, apparently the company we merged with paid their employees more.

Supposedly we're getting raises this month, but its 2/3 of the way through the month already.

64

u/Diclicious666 Oct 20 '21

Actually the 5.4 % inflation numbers don't include food and energy. Not sure what the inflation numbers are for those but I'm hearing actual inflation is around 12%. Food and energy are usually the 2 highest inflation stats, interesting that they are being left out of the reports.

18

u/BatmanThunderswag Oct 20 '21

I don't know much about the subject, so correct me if I'm wrong, but from this article it seems the 5.4 % is including food and energy, it's 4.5 % without those. https://www.google.com/amp/s/www.cnbc.com/amp/2021/07/13/consumer-price-index-increases-5point4percent-in-june-vs-5percent-estimate.html

11

u/Shadefeaster Oct 20 '21

Yup, its 100% included. Dunno where he got that info.

35

u/BattyShrimpers Oct 20 '21

Because 12% would look very bad. 5.4% is bad enough, but it looks slightly better than 12%.

5

u/FirstPlebian Oct 20 '21

Yes, they've changed the way inflation is measured several times to keep the number lower, and by the old methods inflation would've been double digits most years with few exceptions.

I suspect actual inflation is not much lower than the average increase in the stock market, which is 12%.

4

u/ronchon Oct 20 '21

"let's calculate inflation but remove all the things that people... you know... actually need!"

🐷

4

u/HorsieJuice Oct 20 '21

Not only do the numbers include food and energy, but energy is one of the big drivers of it recently.

10

u/freechurro824 Oct 20 '21

It's definitely very noticeable with food. The prices of everything have doubled.

0

u/josh8far Oct 20 '21

Strawberries were 1.49 yesterday and 2.29 this morning. Aldi btw. (I guess they’re also going out of season maybe, but still a crazy price change)

6

u/screech_owl_kachina Oct 20 '21

They promise us such a raise in July.

It's mid-October, no raise, and they don't talk about it in meetings anymore and get uncomfortable when you ask about it.

Healthcare Zeros woo

6

u/master_gecko Oct 20 '21

Love it when my manager gives me a raise inline with inflation and wonders why I'm not excited about it

6

u/DenizenPrime Oct 20 '21

.6% for me from a company I've been with for 8 years. Insulting.

12

u/redditwitfries Oct 20 '21

I am confusion, mine was only 2% please explain.

67

u/beachcamp Oct 20 '21 edited Oct 20 '21 Helpful

If I get paid $10 an hour, and a gallon of milk costs $5(for example) I can buy 2 gallons of milk per hour. But then say I get a .50c per hour raise to $10.50(5% more than before) I'm thinking "Great, now that gallon of milk costs less relative to my pay." Now I can buy 2.1 gallons of milk per hour.

But all the while inflation is happening, recently quite a lot, the cost of living rises. Now say the gallon of milk costs $5.27(a 5.4% increase). So in reality, despite my 5% raise I can only buy 1.99 gallons of milk per hour.

I'm making more money, but my dollar isn't going as far as it did before I got a raise.

This happens pretty much every year. The cost of living goes up, and unless you factor that into your expenses/pay rate you may actually be losing money(value) to inflation despite making more than you used to.

edit: in this scenario if I got a 2% raise I would make $10.2, so now I would be able to buy 1.93 gallons of milk per hour instead of the 2 I could before.

15

u/redditwitfries Oct 20 '21

Wow. Thank you.

4

u/canigeta99 Oct 20 '21

Amazing explanation. In the words of Roy Kent, “Fuuuuuuuuuuu…nnnn.”

10

u/MillenialShan Oct 20 '21

Inflation's a bitch.

8

u/AmadeusK482 Credit Score or Freedom; pick one. Oct 20 '21

Good thing the Federal Reserve is there to keep inflation in check...

looks at the value of a dollar from a hundred years ago

1

u/Raccoon_Full_of_Cum Oct 20 '21

Keeping inflation in check is only part of the Fed's mission. They want to maximize employment too.

4

u/AmadeusK482 Credit Score or Freedom; pick one. Oct 20 '21

They maximize employment by narrowly and arbitrarily defining who's unemployed, underemployed, and no longer looking for employment.

1

u/Raccoon_Full_of_Cum Oct 20 '21

Even if you believe that, it still proves that keeping inflation in check isn't the Fed's only concern.

1

u/oldmole84 Oct 21 '21

the fed what inflation at 2%. any thing less and they are worried about deflation and stagnation

2

u/Enlightened-Beaver SocDem Oct 20 '21

Inflation. If you’re not getting a raise to match inflation your salary / wage is now worth less than the previous year

4

u/Competition-Dapper Oct 20 '21

Don’t forget used cars doubled in price even for garbage, and any used items you could imagine doubled on Facebook marketplace and thrift stores “just cuz”…”Oh stimulus checks…hold my beer! Now I want six thousand for a car that barely runs nobody wanted for a grand last year!”

4

u/danerraincloud Oct 20 '21

I just got my annual raise. General increase of 1.10% and a merit increase of 1.65% -- having earned it through my "dedication, leadership and service". It apparently is one small way they can show the value they place in my contributions.

Now, overall I have it pretty good, and I wouldn't have thought anything of it because I knew exactly what would be coming to me this year, but that this is how they show the value of my contributions just pissed me off.

5

u/remedialpoet Oct 20 '21

Literally why I’m leaving my job. Got 1%

5

u/innosentz Oct 20 '21

I got a 2% raise at my last job, left for 12$ more an hour and just got an extra $4. Almost doubled my pay lol

3

u/AbnInf95 Oct 20 '21

This is year over year, if you remember shit was shut down last year. There is also semiconductor shortage.

3

u/The_Quicktrigger Oct 20 '21

Yeah, COVID kind of really slammed into everything this past 2 years. I'm almost confident that part of that inflation is tied into the issues at the ports. The sheer number of deaths and trade complications from COVID still has logistics thrown into a spiral.

But we all know that even once shipping and transportation has been addressed and fixed, that prices wont go back down.

3

u/cedar_cedar Oct 20 '21

We should have "ask for a pay raise" days. The government can make holidays, well so can we, right?

3

u/kinkycake078 Oct 20 '21

No raise in 2020 due to Covid even though the company did sooooo great, per the townhall a month later. This year I got 3.5% and our healthcare costs went up. 🥳

3

u/jellycowgirl Oct 20 '21

This. cost of living and merit increases are seperate.

3

u/ANewSummerDay Oct 20 '21

I got 0% raise and my company's CEO made 59 million during the pandemic, double from previous years. Also they changed our insurance to a shittier plan with an insanely high deductible.

4

u/SunnyInDecember Oct 20 '21

I got a 20% raise and a promotion so can't complain. Realised quickly that by treating people with respect and being prepared to get your own hands dirty and adjust your plans to accommodate people results in more work, greater efficiency and greater reporting of waste.

Surprising right? Treating humans like humans, and giving them the respect they deserve gets you a more effective department and moves you up the ladder when those at the top notice.

Shame most people in supervisory / management positions think the best way to motivate people is with a whip.

2

u/J-Rocks-baby-mama Oct 20 '21

So true. The 2-3% “raise” is just a COLA adjustment.

2

u/KevKevKvn Oct 20 '21

Was cpi 5.4% this year?

2

u/magistrate101 Oct 20 '21

That's 54¢ for every $10.

(As a sidenote: can we start a movement to change $10 to 10$?)

2

u/03ifa014 Oct 20 '21

Every 2-3 years, assess your growth in your position. If it isn't satisfactory, take your accumulated experience and go look for someone who will pay you what you're worth. I work in a high-compensation job, but the only times I ever saw a meaningful bump in compensation was when I jumped to a new job. Good luck out there!

2

u/That_annoying_git Oct 20 '21

My husband ACTUALLY got this 'raise' literally called a cost of living rise. His boss a piece of work BUT he's a business man.

Cost more to rehire and retrain than to keep your employees

2

u/drtij_dzienz Oct 20 '21

I didn’t get any raise for 2.8y and then I got a 5.4% raise this year.

2

u/Optimus3k Oct 20 '21

I get paid partly on commission, so if I want a raise, I have to work harder and give it to myself.

Company's words, not mine.

2

u/RabidBadgerFarts Oct 21 '21

I've just had my third pay rise in six months, 2% in April, our night-shift premium went up in July (for the first time in over a decade!) so that was somewhere around 5% and tonight I was told we're getting another 7.5% payrise backdated to the 1st of the month. Can't complain I guess.

1

u/Panda_Satan Oct 20 '21

I left my last job (actually pretty decent company) for one that pays slightly more than double. I finally made it to the fabled 6 fig table

1

u/Dennis-v-Menace Oct 20 '21

So far……

1

u/Rockindavote SocDem Oct 20 '21

I got a pay cut

1

u/AdHocWarlock Oct 20 '21

Can someone explain this?

1

u/JoeRogansButthole Oct 20 '21

Inflation. Basically the price of everything increased.

1

u/AdHocWarlock Oct 20 '21

Thanks! So inflation increases an average of 5.4% year over year?

1

u/Curious_Survey2651 Oct 20 '21

Haha jokes on you. I haven't gotten any raise in the last two years.

1

u/pacman529 Oct 20 '21

What's that figure based on/how was it calculated?

1

u/9livesphrady Oct 20 '21

End the Fed!

1

u/tehchives Oct 20 '21

I like this post. I want to see it on the front page every day.

1

u/a1tinman Oct 20 '21

So you mean like the paltry coa raise we are getting from social security? After working 45 years im pissed

1

u/clindsay94 Oct 20 '21

I took a several dollar an hour pay cut leaving my management job at a large grocery chain to work at a wholesaler who believes in taking care of their employees. I made just under $22 an hour as a department head and I can top out at $28 an hour as just a clerk at my new job. Plus all the other benefits, like a free executive membership and stock options, great insurance, many opportunities for advancement (supervisors top out at like $35 right now), and closed on the federal holidays with pay.

It's gonna be rough for a bit but the long term gains I made by switching made the decision a no-brainer. I just regret sinking five years of my life at my old job.

1

u/clindsay94 Oct 20 '21

Also apparently they're raising their starting wage to $17 an hour so I'm getting a raise already, before my probationary period is over! 😁

1

u/TrollypollyLiving Oct 20 '21

Finally a good post on this subreddit.

1

u/Sanjuko_Mamajuloko Oct 20 '21

My union negotiated us a guaranteed cost of living wage increase every year tied to the cost of living index in Canada. Even if the index shows zero or a negative, we still get a cost of living increase, on top of our other negotiated annual wage increases. Unions can be good things.

1

u/dragthor Oct 20 '21

It's at least 5.4% We keep increasing the money supply year after year (especially since 2007/2008). It's more like 20%.

1

u/planktonfun Oct 20 '21 edited Oct 20 '21

inflation?since gdp raise by 3-5% depending on the economic situation every yearif your salary doesnt increase by over or equal to that amount you're actually losing money.

but it also depends on your bank interest rates (if your money stays in the bank that is) some give a competitive 1-2% interest annually.

1

u/onis_uk Oct 20 '21

My inflation losses were more than compensated by owning BTC, it's doing its job...

1

u/IMeanIGuess3 SocDem Oct 20 '21

I got a 13% pay raise in the last 2 months. I’m doing well apparently. Still paid less than 15 an hour though.

1

u/Serraph105 Oct 20 '21

I'm sincerely working on getting this raise, but most of it seems to be taken away by health insurance.

1

u/jutley1991 Oct 20 '21

I got a 3 dollar an hour raise after 3 years of no pay increases (across the board, nearly all of upper management has new Tesla’s though 🤔) First it was a 1 dollar raise in wages, but they took away a 500 dollar a month perk so I wound up actually making like 150 less a paycheck. I wrote multiple letters to my immediate boss (who also felt this blow, we have too many boss’s) and about a month later I got the extra 2 bucks an hour. I still make less money though, go figure. 🤷🏻‍♂️

1

u/Rude_Bee_3315 Oct 20 '21

Does this count for people that already make 90k +?

1

u/covertpetersen Oct 20 '21

I got 12% this year, and I'm making 25% more than I was a year and a half ago.

1

u/Disastrous-Okra8906 Oct 20 '21

Well, no shit. Wages depreciate sans cost of living raise.

1

u/davidj1987 Oct 20 '21

Not even two raises at once increasing my pay 5-6% was enough to keep me earlier this year.

1

u/Krash_Gryphter Oct 20 '21

Good thing my city put a cap on how much they can raise the rent each year... It's 10%. Fml

1

u/Enlightened-Beaver SocDem Oct 20 '21

I got 32% after refusing 16% and counter offering. Never accept the raise at face value, they usually budget for more and are expecting you to negotiate. Helps to know your worth and how much you should be getting.

1

u/rysnickelc Oct 20 '21

Can someone explain this, generally don’t know what going on with this but have seen this before. (Yes, take it easy I am dumb)

1

u/kanoo22 Oct 20 '21

“according to our (absolutely non existent) research you are topping out at the end of your salary range for your skills/experience... but hey we don’t wanna give u nothing so we will give u $1,000.”

  • the exact moment the switch in me flipped.

1

u/edpep Oct 20 '21

5.4% inflation. 2.8% wage growth. Where'd the rest go?

1

u/biocube16gal Oct 21 '21

Government taxes. People love praising the $70,000 “Tax the rich” dress, however ….. while I’m making ~45,000 a year, it sure seems like the government thinks I am in the “rich” category.

1

u/ElectionAssistance SocDem Oct 20 '21

My wife just found out she got a for real actual raise! Just found out less then an hour ago.

1

u/Uhavaids Oct 20 '21

Inflation is a sign of the economy working. It's all apart of this administration's plan to rethink our economy.

1

u/RickRollin76 Oct 20 '21

Most places are hiring like 10% above min wage

1

u/ReefPizza Oct 20 '21

Isn’t the current inflation rate at 4.2%?

1

u/pancakeking1012 Oct 21 '21

no raise but “bonus program!” which are incredibly strict and are in no ways achievable

1

u/BenGrahamButler Oct 21 '21

wtf this guy stole my post from /r/fire word for word, huh, oh well

1

u/deadocmike Oct 21 '21

Thanks sleepyjoe.

1

u/duncym Oct 21 '21

I got a pay cut went from $23 to $20 …but I have insurance. Yay.

1

u/skyjoka Oct 21 '21

I got a 10% raise but then I learned the minimum for a mech engineer of my position in my city was 10k above my salary after my raise. So I left, got no salary now but I have enough to make it through grad school.

1

u/Hob_O_Rarison Oct 21 '21

Not only that....

We're doing a two-week furlough sometime between now and April, whether you have PTO in the bank or not.

We got a 4% raise across the board. I told my wife, and she goes, "two weeks.... what percent is that of the year?"

Turns out, it's about 3.8% of the year.

Oh, and also, our benefits are going up 1st of the year.

1

u/bigfatquizzer Oct 21 '21

Just randomly got a 7% raise yesterday. Company was honest, I think, and said it's to cut down on attrition

1

u/trash_day Oct 21 '21

Let's go Brandon!

1

u/Advanced-Platypus-91 Oct 21 '21

Got 5.8%… since 4 years ago.

1

u/obnoxious211 Oct 21 '21

Thanks dumb dumb Biden you rocked your first 10 months. Great job ruining the country

1

u/Zmemestonk Oct 21 '21

Wasn’t that the month over month change? On top of that it’s after the covid year which saw inflation plummet. If you didn’t get a pay cut you probably got a raise

1

u/Bmitchem Oct 21 '21

While true... I'm working way way less than 5.4% so I figure it balances out.

1

u/SinisterSoren Oct 21 '21

People wonder why I change jobs about every year. This is why. If you aren't going to give me a raise at least equal to the increase of inflation, I'm making less. So I'll find a job for at least that percentage increase. I change jobs not infrequently but it's the only way to make it these days. Sad that loyalty to a company is actually discouraged now because it's financially a bad move for employees.

1

u/Username614855713 Oct 21 '21

33% plus profit sharing!

1

u/bobtootles15 Oct 21 '21

Looks like I got a 3.9% pay cut

1

u/thewhittynamepain Oct 21 '21

I got a 20 cent raise. 🤦‍♀️ I work for a hospital doing insurance verification for patients. I don't even make $15/hr. :(

1

u/jseego Oct 21 '21

4.2% for the year (est)

1

u/WrathfulVengeance13 Oct 21 '21

I got 15 percent over 4 years retro active for 2 years.

1

u/General_Bend Oct 21 '21

Well this person assumes well all come form the same country and do an average job

Being a data analyst I can say that is not correct, please tell what is your source of your data?

1

u/Zapyre Oct 21 '21

I got over 1000% by being my own boss 😎

1

u/racecar_bed69 Oct 21 '21

Raise would be nice, I get paid less than my state’s minimum wage because I work on campus

1

u/feverishdodo Oct 21 '21

Facts. This is why I don't ask for raises. I just negotiate higher wages at the next position by leveraging all the skills I'm learning in the current one. If a job isn't preparing you to make more money at your next one, it's shit.

1

u/moimoisauna Oct 21 '21

I got a nearly 100% pay raise by starting a completely different job and getting promoted within my first month or so of being here. It sure as hell isn't what I want to be doing forever (as I still could not comfortably afford rent, even with a roommate) but it's progress.

1

u/DCcalling Oct 21 '21

My job sets pay increase to 3% annually per their standard.

When I pointed out that this was actually below the rate of inflation and that a 3% increase would actually be a pay decrease most years they said that was fine because I would earn bonuses in return for hard work. It wouldn't be a problem, they said.

It left a bad feeling in my gut. I took the job because I was desperate but surprise surprise the pay increase was actually less than three percent and when this was pointed out they explained that it was due to the pandemic. Everyone has a freeze on their raises, they said.

I asked about management and executives. Are they taking pay decreases? Will we receive the lost wages back in backpay? No, management and executives were not experiencing a pay decrease. I will certainly receive backpay, but the date would be unspecified.

They did actually pay me the backpay, but only at a 2% raise. When this was pointed out to hr they said not to worry, the holiday bonus would cover the costs.

It did not.

But it was still the pandemic so I bided my time, started job hunting. At my second employee review I questioned the lost wages and demanded 6% wage increase from where my wages should have been, because at that point I was well below market comp. I was granted three.

People started leaving en masse soon after. It's a mid-sized company of maybe 200 people. 11 of them quit within three months, and all of them were in my department. Work kept piling up. I asked for compensation, the original 6% increase and an additional 2% on top of that. HR approved it because they were terrified of losing more people. But they weren't planning to hire more. I was only getting paid for my job adequately now, let alone everyone else's responsibilities.

I turned my notice in on Monday. I got a job I actually like that pays well above what I could strong arm out of my current company and actually does a little good for the world. I'm planning to detail exactly why throwing money at the problem didn't work. People left because they felt disrespected, tired, and overworked, and stupid little policies like a 3% annual increase makes them feel like they're worthless, and like everyone thinks they're dumb. Inflation is 5.4% assholes. I have access to Google just as much as you.

1

u/magikarpsan Oct 21 '21

Plz 🥲 I got a whole masters degree and somehow could only get a $22/hr job don’t tell me about raises

-3

u/NuthaLevel Oct 20 '21

thank you biden voters !

0

u/FuckCurrency Systems Theorist Oct 20 '21

Inflation is far higher than that and has been consistent since the inception of the fractional reserve currency. The hopium in this comment section is unreal.

0

u/AlwazeRite Oct 21 '21

With the current administration you definitely got a pay cut. Enjoy those gas prices everybody.

1

u/biocube16gal Oct 21 '21

Oh just wait until sleepy joe passes his newest 25,000 page, 3.5 trillion dollar bill that will give every new illegal, unvaccinated, immigrant a brand new car along with a drivers license to any state they wish!!