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22 sats \ 8 replies \ @Satosora 10 Aug \ parent \ on: Money-Supply Growth Accelerates as Wall Street Demands Even More Easy Money econ
You would think both would change at the same time, right? But it must be due to the amount we pushed into the market the last few years during covid.
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20 sats \ 7 replies \ @Undisciplined OP 10 Aug
A lot of prices are fairly “sticky”, including wages. It can take them a long time to catch up.
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33 sats \ 6 replies \ @Satosora 10 Aug
Its not like companies are going to give you a 10% wage increase because of inflation. They want to maximize profits.
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20 sats \ 5 replies \ @Undisciplined OP 10 Aug
You pretty much have to be offered another job to get that kind of raise, which is another part of this taking time.
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40 sats \ 4 replies \ @Satosora 10 Aug
Right, and when you jump between jobs, you lose out on the time you work. Does it justify the 10%? And usually there are more hidden drawbacks.
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20 sats \ 3 replies \ @Undisciplined OP 10 Aug
It definitely depends, but the largest cumulative earnings gains come from changing jobs.
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38 sats \ 2 replies \ @Satosora 10 Aug
That is true. It does come from changing jobs. But if you change jobs all the time, you have no semblance of life.
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20 sats \ 1 reply \ @Undisciplined OP 10 Aug
I think the hidden drawbacks you mentioned are a bigger concern than lifetime earnings.
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0 sats \ 0 replies \ @Satosora 10 Aug
People dont realize when you change jobs, you lose like 2 months of earnings. That affects your benefits, 401k, everything. Then the training and meeting new people... If money is what you are going after, go for it.
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