Inflation yaay!

Don't forget the company meetings where leadership says things like "this is the best quarter we have ever had", along with "we need to work harder to stay competitive". Sigh.

134

“Despite making record profits, we still didn’t hit EBITDA this year, therefore no bonuses or raises. Merry Christmas!”

78
- That's not true. The senior management team will be getting raises in line with inflation and also huge bonuses for those record profits. Not to mention their share value increasing.
  
  47
- Danny-fucking-Kaye
  
  5
Oh yeah check that box too, for me

1

In Belgium we have automatic wage indexation based on inflation of certain product. Some right wing parties want to get rid of it, but luckily it's still here.

https://en.wikipedia.org/wiki/Consumer_price_index_(Belgium)

63

Sounds like right wing is just as evil and stupid in the east as it is in the west..! :-)

18
- Do you think Belgium is an eastern nation?
  
  15
You have no idea how lucky you are. Then again, you have to live in same country as Charleroi, so it kinda balances it out.

4

And remember, 10 years from now, you'll be nostalgic for this shitty time.

If a climate change superstorm, AI, riots, famine, etc haven't gotten around to killing you yet at least. Lucky dead bastards.

52

Hopefully I can replace myself with an AI and then she can deal with this shit.

12
I remind myself of this every time I start feeling nostalgic.

Cool old C10 truck? Wait a minute those things were $200 any day of the week when I was 18 (because they were and still are trash)

10

When theres literally people in the UK screaming about NHS workers getting a 5% pay rise when NHS workers earn significantly less than they would doing the same work in the private sector and considering that people actually get free healthcare from the people wjo got this pitiful raise is absolutely soul destroying. Especially when you take this meme into account.

47

Those people always seem to ignore the fact that 5% increase on sod all is still sod all.

13

You guys need to unionize and fight for raises that exceed the inflation rate. Here in Brazil, we have this in almost every type of labor.

Five years ago, the right-wing began dismantling the unions' monetization system in an attempt to break them, and they also raised the retirement age. However, the unions are still doing their job, and every year we receive a raise above inflation.

The current left-wing government has already said that they are working to recover a monetization system for unions. They are studying a way to implement this in a manner that will make it difficult for a future government to repeal.

43

Some industries like programming are not quite as simple to get unionization going. Pretty much only public sector jobs have unions when it comes to programming. I wish that weren't the case. On the flip side though, the abundance of programming jobs (when there isn't a damn near tech recession) makes switching jobs to get a huge raise pretty clearly the way to go.

6
Oh my God, your politicians actually have studies done and think things through? That's...different to me.

I'm American, BTW.

1
USAians are overall too dumb to figure all this out

-3
- You seem to be forgetting the 10 other reasons why relative wages are falling behind aside from ignorance
  
  4

"We're making record profits!!!...

...No Steve, you can't have a raise. Here's a bag of Fritos!"

34

We made record profits but we projected unattainable goals so you can't have a raise

14
Steve, if you keep complaining with your coworkers, you'll be fired. You know what, you're fired. And your coworkers, too, the company can't keep up with your expenses.

4
awwww man....

2

Many employers in my country are now just giving a raise to their senior executives , management and above , while keeping the low level employee wages stagnant !

28

Job hopping again for this reason. Really wish employers would pay people to stay, unfortunately employer loyalty is non existant.

27

You guys are getting raises?

26

I knew someone had to have said it... Lol... I don't even need to scroll further to see if there was anyone else.

3
Yes, but i went above and beyond

2

It would be funny if it didn't hurt so much. Rent is too high, grocery bill has me intermittent fasting, and I walk/bike instead of driving now. Shit is rough out here.

25

Luckily doing all of those things will solve the problem once and for all!

3
- /s
  
  The companies are wrecking earth, not us.
  
  4

9.1? Jajajajajajajajaja (laughs in argentinian 120% yearly inflation rate)

19

Not to be insensitive, but how do you even survive?

9
- They are using dollar to escape the inflation
  
  6
- The productive capabilities of the country haven't ceased to exist. As long as that remains true, inflation is going to create wacky, uncertain, annoying situations, but it doesn't have to provoke severe destitution as long as other safety nets are in place.
  
  2

Yay, Now I'm not losing money as fast.

19

More like greed. Inflation because they have record profits, pay their employees less *(relative to inflation )and charge more for their products

18

You think inflation is due to record profits?

And by pay employees less, what do you mean? Like relative to inflation? Or is there a company that actually lowered hourly wages?

I can sort of agree with the charge more part I guess. But it's pretty obvious that inflation is largely caused by increasing the money supply. This has been shown repeatedly throughout history and isn't really debatable unless I'm missing something. It's sort of like how the more slices you cut a pizza into, the smaller the slices become. Charging more for the pizza, paying the pizza employees less or the pizza company making more money doesn't impact slice size unless they increase the number of slices or the size of the pizza itself.

-11
- unless I'm missing something.
  
  You're missing a shitload. "Government bad" ideological blinders will do that though, so here's some info to get caught up in case you're capable of a good faith discussion or just want to know what is really happening:
  
  Greedflation
  
  More Greedflation
  
  Even the corporate cheerleaders at Wall Street Journal are admitting it, though they try to spin it as a positive
  
  3
- paying the pizza employees less
  
  so the employees can literally not pay their bills and you run a billion dollar pizza company.
  
  Might want to take this all back.
  
  1
- Great explanation
  
  -3

Permanently Deleted

13

It's almost as though the governments should do their jobs and fucking put cost controls. Seriously, we need some new economic thought/ practice. Just like how several generation's ago they figured out that wages are sticky, they need to put cost caps or restrictions to stop this shit. Instead of cutting the money supply and people's lifelines, they need to fucking tell businesses to cut the crap and stop the bullshit. Since then pandemic every industry feels like they can price gouge and get away with it. It's fucking ridiculous. If you put a stop to that, then you have some hope of resigning in inflation.

12

I'd rather have a windfall tax that taxes some high percentage of all profits beyond a certain percentage in order to disincentivize this sort of profiteering.

5
I'm not really for price caps but I'm very into billionaires taxed to pay public funds since they literally don't want to pay people to work.

4
Price caps mean product shortages

1
- True. What we need is to remove the underlying problem, which is the profit motive to overcharge and underpay. That is, democratic worker-owned companies, answerable to employees instead of shareholders
  
  6
- Price caps set to low cause this. Luckily we have a lot of data available nowadays and with AI a more managed economy should be a no brainer. Pretending reigning in price gouging will cause shortages is disingenuous. Although the best way to handle this would be to increase competition.
  
  -4

My wife just got a 4% pay increase but then the insurance premium went up by 11%. So she really got an 7% pay demotion.

12

Her insurance premium is 100.2% of her salary?

12
- Maybe, I obviously don't math well
  
  4
Ugh, similar here.

1

'Muricans flexing with 3% inflation

11

3% raise, huh? How about no raise

8

Fuck I hate this world we live in

7

Just heard there are no merit raises this year bc the company is hurting. Started looking for a new position since I doubt they will make up for the lack of a raise next year.

7

and they say inflation is good

6

Inflation is bad. Deflation is bad. It's all bad, really.

5

I believe I got 3.2% this year and 2.8% next year, or in other words, I got completely shafted. Doesn't even cover food cost going up.

5

You fuckers are getting raises??! Goddammit, you're part of the problem!

5

The inflation is inflating

3

Actually got a 3% raise
Actual inflation was 10.5% at the time

2

Jump jobs if you haven't recently done so. Sometimes you can get almost double the pay.

1

It is like a jet plane passing overhead with you isn't it? Not even disagreeing with you just pointed out your simple explanation is right only if you set the price too low. Then I mentioned competition is the best way to handle it which you restated like you were correcting an imaginary straw man. Needless to say your basic econ lesson breaks down whenever the price fails to be elastic which happens quite often.

You must be an asspie or something I guess.

1

We're still making the exact same inflation jokes eh?

-14

Well, we are facing the exact same inflation problems, so yeah

34
- But we're not.
  
  1
- Inflation is actually going down, and the latest report was at 3.2% which is a lot less than it was a year ago and closer to the 2% target.
  
  0