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#i know people who have it worse but capitalism shouldn't be a fucking competition to see who gets screwed hardest
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just had my employee review. glowing. perfect score. no notes
i got the highest possible “merit increase” of 3.5%, same as last year.
the rate of inflation in 2021 was 7%, and this year so far it’s 8.3%. it will be higher by the end of the year.
in order for me to break even - not have more money, just break even! - with the purchasing power of my wages back in 2021, i would need to be making $4,400 more than i’m making now. i have effectively been given a wage cut of $4400 over the course of two years in spite of them admitting i’m one of their best employees.
failing to tie annual salary increases to the rate of inflation is wage theft dressed up as benevolence.
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