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Old 01-13-2008, 06:09 PM
 
Location: Michigan
334 posts, read 1,309,636 times
Reputation: 150

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Where I work we only get a 2% increase each year, which certainly doesn't keep up with inflation. They always tell us corporate is trying to save money. And my friend at another company that's very profitable, having record quaters, just recently had his wages cut. What makes me sick is no matter what executives do, they always leave richer. It's almost like stealing, although no laws are broke. What kind of wage increase does everyone else here get?
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Old 01-15-2008, 09:46 PM
 
Location: Heartland Florida
9,324 posts, read 25,104,026 times
Reputation: 4983
It's not even close. Inflation has been as much as 10% a year. Wages are falling and instead of doing something about it, people have just been borrowing to get by, or working several jobs. Our economy is deterriorrating while the wealth goes from the average person to a selected few.
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Old 01-16-2008, 02:53 AM
 
Location: western East Roman Empire
8,459 posts, read 12,367,229 times
Reputation: 8764
Default Austere budgeting, saving, investment

If it all possible, the solution is to try to save, probably meaning living on an austere budget, and invest in the very company that you work for, assuming that it issues financial instruments or has some kind of profit-sharing plan, and invest in the US corporate world in general, on the premise that if you can't beat'em join'em.

But even investing in US corporates, and indeed the global markets, can be very risky, and financial markets often behave like casinos.

The best solution is to have one's own business that in some way adds real value to the corporate economy. Easy to say in principle, a challenge to achieve in practice.

Good luck!
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Old 01-16-2008, 03:06 AM
 
28 posts, read 117,851 times
Reputation: 19
Thumbs down Housing Doubled/Tripled in Price

Housing Doubled and even Tripled in Price since 2001--salaries did not
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Old 01-16-2008, 11:52 AM
 
Location: North Adams, MA
746 posts, read 3,328,880 times
Reputation: 814
The productivity of the American worker has been constantly increasing, but the thanks for this do not end up in the workers pockets.

I think that we will continue to see wages stagnate, and even lose ground against inflation for those who are working stiffs, while the owners and investors extract more of the gains for themselves.

In a sense, as the rest of the world improves its standard of living, the US working stiff will slide backwards since it is now a world economy.

Our jobs were exported because it was cheaper to hire foreign workers, and more of the same is on the way.
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Old 01-16-2008, 01:29 PM
 
25 posts, read 113,605 times
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1.5-3% increase in wages from my company yearly. Way out of touch with raisies in cost of living. Gas prices seem to raise more monthly than my salary does yearly....
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Old 01-16-2008, 01:38 PM
 
Location: Living on the Coast in Oxnard CA
16,290 posts, read 29,514,874 times
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Our increases are averaging 4 to 5% a year. Not enoph to keep us. One reason we decided to move from Southern California to Arizona where things are more affordable.
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Old 01-16-2008, 05:18 PM
 
Location: Los Angeles Area
3,306 posts, read 3,744,807 times
Reputation: 592
Quote:
nd my friend at another company that's very profitable, having record quaters, just recently had his wages cut.
So what? Company's aren't charities. If they can get the labor for less because there is on over supply of workers then they are going to cut wages. In your personal life do you pay more for things then you need to, why expect or be surprised when companies shop around for low prices too?


Wages on average generally go up with inflation, they may not right away and certain industries wages may go down while others up. But the average will be an increase with inflation. The problem is that people call any price increase "inflation", really inflation is an increase in money supply. When the money supply is increased price increases follow it as an effect. One issue is whether cost push inflation (such as the current increase in oil prices) can result in real inflation, some argue yes some no.Regardless, it is not the case that all wages go up with inflation. There is not only the issue of your company's economic health by also the general health of your industry.

Last edited by Humanoid; 01-16-2008 at 05:45 PM..
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Old 01-16-2008, 11:28 PM
 
Location: Heartland Florida
9,324 posts, read 25,104,026 times
Reputation: 4983
And since there is no official record of M3, what is the actual money supply now? I believe that commodities represent true inflation.
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Old 01-17-2008, 12:33 AM
 
Location: Los Angeles Area
3,306 posts, read 3,744,807 times
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Quote:
I believe that commodities represent true inflation
There are many counter-examples to this.
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