Submitted 14 hours ago by MicroWave@lemmy.world to economics@lemmy.world
Wage growth for a large swath of Americans is being outpaced by the rate of inflation, according to data from Indeed, which reported people with low- and middle-paying jobs are likely feeling the most pressure.
The purchasing power of average Americans has been in decline for generations.
There’s a solution to this, but I don’t think a lot of people here will like it. Fix the money and stop measuring your worth in worthless fiat currencies
For the conservative people, hold and measure your net worth in gold and you’ll notice things get cheaper.
For those, like myself, who are native to the internet, do the same thing but with Monero.
Only 40%?
So about 50% above and 50% below?
Cool so head mean to the office so they can refuse salary increases but you essentially get a pay cut since you’re not losing $12000 for daycare and $3000 for parking spaces
krashmo@lemmy.world 11 hours ago
Yeah, “rising wages” are mostly due to the wage offered to new employees. Existing employees don’t get shit and inflation is still eating away at their buying power.
ButtermilkBiscuit@feddit.nl 9 hours ago
The yogurt I like has doubled in price over the last year. My salary went up 4%. I’m looking for a new job pretty hard right now. Like the place I’m at, has a pension, been there 9 years, but fuck you pay me or I’m out. The opportunity cost of staying at a place who’s wages don’t keep up with inflation is too damn high.
SanctimoniousApe@lemmings.world 10 hours ago
Job hopping has long been known to be the best way to increase earnings for most people - particularly those in corporate jobs.
Tollana1234567@lemmy.today 6 hours ago
seems solely for corporate, mangerial, admin jobs.