No, my salary didn’t go down, relative to inflation.
I’m calling bullshit on that one.
Everybody’s salary except executives has gone down relative to inflation going all the way back the the 80s.
Not mine. Every year if I don’t get a “cost of living” increase that meets or exceeds inflation, I go complain about it to my boss who then negotiates with HR on my behalf and I get a bigger raise. I’m not gonna let inflation kill my salary, and my boss is not gonna risk me leaving for another company. I do wish they would just give it to me up front and stop making me ask each year. We all know what the outcome is gonna be.
I’m not saying that the average wage in the country has not fallen against inflation. Data indicates that it has. But what I’m saying is that In the tech industry, if you provide good value to your company and the managers have half a brain, you should be able to negotiate annual raises to AT LEAST match inflation. If your company won’t, consider moving to a new company.
I know this is a privilege that most workers do not have, but this thread is about jobs in tech, where this is a more common case. It’s also one of the reasons why the aren’t more unions.
This got passed around as a common fact in the wake of the 2008 financial crisis. Wages from the early 70s through 2010 or so were flat (not negative, but flat) due to inflation. Things have shifted since then.
https://fred.stlouisfed.org/series/LES1252881600Q
Note that the graph shows median wage; it isn’t as affected by a few high earners as average wage would be. The 2010s were a period of relatively low inflation and wages had a chance to catch up a bit.
What is true is that productivity has leaped massively since the 70s, but median wages have only crept up somewhat. The argument needs to shift to be around how the working class was screwed out of their share of productivity improvements. That’s not likely to change until we have more unions and overall something closer to Socialism.
Two mitigating factors for me:
- For many years my skillet expanded faster than inflation ate away at my pay. I’ve been in a high demand specialty (Cybersecurity) for awhile.
- I’m now a manager, which does come with extra pay. Perhaps more importantly, it puts me in a position to throw my weight around to get my team and myself better raises.
