if inflation made my paycheck go up, that’d be great. As it stands I have a LOT less buying power and my industry is waffling so I’m only seeing 2% increases for years.
It exists. In Belgium and I think also Luxembourg inflation in prices of common consumer things automatically triggers wages, unemployment money, pensions to rise too. For most jobs it triggers when it hits 2%. Life got 2 % more expensive, wages rise 2 % a few months / a year later. Using a basket of consumer prices, excluding things like fuel, alcohol, tobacco prices
Heh I stopped in Belgium years before the Euro money conversion, chill place. I remember going to an atm to get some local currency to shop and the options were something like 1000, 5000, 10000. It was pre smartphone so I had no idea what the conversion was or what to choose. So I just hit something in the middle and had WAY too much money to buy some fresh fruit and chocolate.
In other countries EVERY index gets jumped unless they successfully negotiate/strike for the raise. Yeah, jumped index sucks but it was still a rather occasional thing. There’s been only 4 I think, 3 times in the eighties, 1 time in 2015…
if inflation made my paycheck go up, that’d be great. As it stands I have a LOT less buying power and my industry is waffling so I’m only seeing 2% increases for years.
It exists. In Belgium and I think also Luxembourg inflation in prices of common consumer things automatically triggers wages, unemployment money, pensions to rise too. For most jobs it triggers when it hits 2%. Life got 2 % more expensive, wages rise 2 % a few months / a year later. Using a basket of consumer prices, excluding things like fuel, alcohol, tobacco prices
Heh I stopped in Belgium years before the Euro money conversion, chill place. I remember going to an atm to get some local currency to shop and the options were something like 1000, 5000, 10000. It was pre smartphone so I had no idea what the conversion was or what to choose. So I just hit something in the middle and had WAY too much money to buy some fresh fruit and chocolate.
Yet they still manage to fuck us over by “jumping” an index. 2% may not seem much now but compounded we lose a lot over the years
In other countries EVERY index gets jumped unless they successfully negotiate/strike for the raise. Yeah, jumped index sucks but it was still a rather occasional thing. There’s been only 4 I think, 3 times in the eighties, 1 time in 2015…
You (and every step angle other employee at your company) should be demanding AT LEAST an inflation adjustment every year from your boss.
Sure, but to only get told there is no budget now and it will be re-evaluated next year
Which is the point of having the rest of the employees behind you, no raise, no work.