Hacker Read

swarnie · 2022-10-27 09:33:33

Inflation already cut my salary by 12% a year lol.

giantg2 | karma 18870 | avg karma 1.42 · | 2023-02-23 08:38:11

I got a 2% cut last year and a 4.5% cut the year before when considering inflation. Whee

zeroonetwothree | karma 4300 | avg karma 2.02 · | 2023-02-22 10:18:52

Because of stock market decline I made 50% less in 2022 than 2021 so inflation is the least of my concerns.

Mithaldu | karma 8182 | avg karma 2.9 · | 2011-12-17 09:45:06

2% is a joke because it doesn't stack up with inflation. At that point you're literally getting your salary lowered.

botev | karma 3 | avg karma 0.43 · | 2021-12-17 00:15:12

Inflation is probably around 15% lol

shove | karma 682 | avg karma 2.31 · | 2023-03-08 19:54:42

Damn, I knew inflation was taking a toll but that’s quite a leap ;)

uasm | karma 113 | avg karma 1.3 · | 2019-06-03 19:24:25

That's inflation for you.

amanaplanacanal | karma 4641 | avg karma 1.5 · | 2023-10-26 11:51:04

That number is already adjusted for inflation.

gsibble | karma 2912 | avg karma 3.05 · | 2022-10-10 13:10:19

And now, since the start of inflation, in the last year, the value of a dollar has eroded 13%. Have you gotten a 13% raise just to maintain your cost of living?

noja | karma 4752 | avg karma 3.02 · | 2022-07-13 11:33:51

Which inflation? If I am earning a thousand bucks a month and all my money goes on fixed costs, and those double, my inflation is 100%.

tsjq | karma 780 | avg karma 0.85 · | 2021-07-20 12:13:01

what's your inflation % ?

mym1990 | karma 2453 | avg karma 1.93 · | 2022-06-10 16:03:10

The thing is, last time inflation was this bad in the 70s and 80s, per capita income was also going up. And maybe real income was not going up, but it was somewhat blunting the full effect of inflation.

If you look at per capita income from 2019 to 2020 it actually went down. BUT we only really have 2 data points right now(2019 and 2020) so I don't think we will see a full picture until 2024 or 2025.

Personal data point, but psychologically I am definitely cutting spending on things like restaurants and groceries. I can afford that fast food meal for 20$, but I don't value it at that price, so I just don't buy it. I'm not really crying 'boo hoo inflation', I just kind of pass on it and go on about life.

Source: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2020...

reply

ashwagary | karma 626 | avg karma 0.65 · | 2022-02-14 17:03:55

Atleast 200% of that payrise makes sense due to inflation. Value of the dollar halved during the past ~10 years.

alexb_ | karma 5947 | avg karma 6.42 · | 2023-10-26 08:50:57

This number is inflation adjusted.

drankula3 | karma 248 | avg karma 3.44 · | 2018-11-29 17:36:57+00:00

When corrected for inflation,I make 30% less than my father did right out of college.

ceras | karma 695 | avg karma 2.39 · | 2015-10-06 00:32:49

It's already inflation-adjusted.

lostInTheWoods3 | karma 51 | avg karma 1.82 · | 2014-07-30 14:16:40+00:00

You've got to consider the inflation rate which is currently hovering around 2-3%.

notfromhere | karma 2192 | avg karma 2.21 · | 2019-02-05 16:55:21+00:00

run that through an inflation calculator and you'll be unpleasantly surprised.

fy20 | karma 2371 | avg karma 2.21 · | 2022-10-03 23:17:02

Inflation has really gone wild this year.

smugma | karma 1411 | avg karma 2.67 · | 2023-01-22 17:13:01

Agreed. Except this year it’s probably more like a 7% cut (inflation is still pretty high).