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by nradov
21 days ago
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Merit raises are typically based on market rates as a baseline. The employees' costs in terms of consumer price inflation are not a factor. If every employer gives out raises in line with inflation that also creates a positive feedback loop which contributes to higher and higher inflation every year (I do understand that's not the only thing which drives inflation rates). If your wages are falling behind then look for opportunities in higher growth sectors. |
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