this post was submitted on 18 Jun 2023
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“We’re seeing this expansion of margin under the cover of, ‘Oh, it’s a general inflation problem, we can’t help it,’ Paul Donovan of UBS said Thursday.

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[–] yenahmik@lemmy.world 1 points 2 years ago

In real terms the $25 post inflation is the same value as the $20 was pre inflation.

Look at it another way. You are a worker bee who makes $20 an hour. If inflation is 25%, your employer should give you a raise to $25 an hour to maintain your compensation at the same level. If they do not, they have effectively given you a pay cut.