And many companies don’t do COLAs. Mine doesn’t. I’ll be fortunate to get my 3% raise this year, which means I’ll lose ground with respect to inflation.
Major Companies Raise Wages To Keep Up With Inflation | The Daily Wire
As high inflation continues to grip the United States, major corporations intend to raise wages.
Roughly 39% of respondents in a forthcoming Conference Board report said that rising price levels are a motivating factor for the wage hikes. However, higher pay does not necessarily correspond to higher living standards — since President Biden took office, Americans’ inflation-adjusted wages have been declining.
Actually, new employees will get the benefits. The job market will demand it. Existing employees will suffer, which will increase turnover. So, that will be fun.
Speaking of fun:
As high inflation continues to grip the United States, major corporations intend to raise wages.
Roughly 39% of respondents in a forthcoming Conference Board report said that rising price levels are a motivating factor for the wage hikes. However, higher pay does not necessarily correspond to higher living standards — since President Biden took office, Americans’ inflation-adjusted wages have been declining.
Inflationary Death Spiral. Can I have that with extra sprinkles, please?
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