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by ajross
1370 days ago
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> I'm a worker and I've gotten a pay cut in real terms over the past year. Can I negotiate an offsetting raise? You can always negotiate a raise. But yes: on balance most workers in the US economy were getting raises as the pandemic ended. I did, just to counter your anecdata. When everyone gets a raise and economic activity doesn't change (or drops, c.f. "chip shortage", or "Shanghai shutdown"), you have more money chasing fewer things, so those things get more expensive (more anecdata: I bought a Model Y about 15 months ago, and could sell it today at a 15% profit because everyone who got raises also wants a Tesla). Things getting more expensive is the definition of "inflation". |
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