I got a 1.72% raise this year.
Asked my manager if they could do better. She got really upset and told me I had bad judgement. Even after explaining to her how my living costs soared.
She didn’t want to hear it.
I’ve had 2% raises or below on average per year since joining my current employer in 2021.
Meanwhile the company is increasing its profits YoY.
People should stop discretionary spending, fuck this economy. Don’t drive out, take transit, don’t have kids, lie flat like the Chinese. And when you lose your job, attend every town hall to fight against the NIMBYs with your new found free time.
Oh if I lose my job, politicians are going to fucking hear about me. They will now my god damn name.
And when you lose your job, attend every town hall to fight against the NIMBYs with your new found free time.
I mean, you still need sustenance enough to have the energy to argue with Bob/Nancy that haven’t changed their perspective since the 70s.
that’s why you save your discretionary spending for living leanFIRE.
If your company gave you acceptable raises before, and is now fighting you on inflation-adjusted raises, I can only infer that they are circling the drain. or they got bought out by PE, irrespective of their earnings reports (which are investor facing shit that paint companies in the best interpretation possible for more funding).
In general firms don’t pay people more when they make more profit. Costs are always kept as low as possible while prices are pushed as high as possible in order to grow profit. Most often, if a firm gave you more money than the other person, it’s not because it’s doing better. It tends to be either a happy coincidence, a temporary lapse of fin discipline, or they had a cost-related reason to do so. E.g. labour shortage coupled with replacement cost, sometimes personal qualities inflating the replacement cost.
But yeah a PE sitiation prolly makes things worse all else being equal.
She said the quiet part out loud. 🤭 Not saying you don’t deserve more. Rather saying we don’t get paid what we deserve. By definition we’re paid less than we produce.
