Economics

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Inflation outpaces wage growth for over 40% of Americans (www.forbes.com)

submitted 3 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Wage growth for a large swath of Americans is being outpaced by the rate of inflation, according to data from Indeed, which reported people with low- and middle-paying jobs are likely feeling the most pressure.

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[–] SanctimoniousApe@lemmings.world 3 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

Job hopping has long been known to be the best way to increase earnings for most people - particularly those in corporate jobs.

[–] Tollana1234567@lemmy.today 2 points 3 weeks ago* (last edited 3 weeks ago)

seems solely for corporate, mangerial, admin jobs.

every other is only a marginal increase if you get into more senior position

[–] krashmo@lemmy.world 1 points 2 weeks ago (1 children)

Sure, that doesn't make it a practical solution for everyone though

[–] SanctimoniousApe@lemmings.world 1 points 2 weeks ago* (last edited 2 weeks ago)

Never claimed it was. There are innumerable self-destructive stupidities that the bulk of the human race regularly prefers to engage in because it gives them an advantage in the short term, which is all most of them bother thinking about. That being the case, we're all forced to play the game their way: constantly look for opportunities to take advantage of for oneself, and fuck their demands of loyalty and self-sacrifice for the good of the company - they wouldn't do the same for you.