Pretty sure it’s been going on a while, but unless you’ve changed jobs in the last two years it’s unlikely you feel these effects. Employers dont give raises in line with inflation but they’re sure paying new employees a lot more than they used to.
When does this catching up ever happen. Never seen it myself.
EatATaco@lemm.ee 1 week ago
During the period when inflation was real hot, my wife got a 35% pay raise and I got around a 28% pay raise. We beat inflation by a long shot.
Should I recognize that my situation was the representative of the general economy? Or should I say something like “my personal situation reflects the general state of people in the economy” and then argue that wage growth was outpacing inflation?