Got a 2% raise this year. Inflation here’s around 6%. My rent went up 8%, groceries 10%, electricity 12%.
So technically, I’m earning less than last year for doing the same job, just with more responsibilities because two people quit and weren’t replaced.
When I brought it up, my boss said, “It’s still a raise, you should be grateful, a lot of companies are freezing salaries.”
I didn’t say it, but if my purchasing power drops every year, that’s not a raise, it’s just a slower pay cut.
My boss gave me a raise lower than inflation
byu/Gold_Hour_3298 ineconomy
Posted by Gold_Hour_3298
6 Comments
Your boss is counting on you not looking for a different job.
You guys are getting rasies?
Look for an alternative. Then ask again.
Look at the job openings, or JOLTS, data over the past few months. Not telling you not to counter that offer, but the US economy is at best in limbo. Not a lot of layoffs, but the lack of job openings suggests people are not leaving jobs for higher pay elsewhere. Companies are freaked by a bipolar US economic policy.
The budget for pay for new hires is usually larger than the budget for retention.
This is why quiet quiting is a thing. Do bare minimum since that’s what they are paying you.
Let them fire you so you can collect unemployment. That’ll give you additional time to focus on finding another job that will value you.