Higher paid employees get no raise despite 6 percent inflation. Other salaried employees get less than half YOY cost of living increase.
12 replies (most recent on top)
Post ID: @1htw+1dRxcMUP
P-t, meet kettle.
@huh+1dRxcMUP you said nothing of substance and only criticized. You should look in the mirror.
Yeah, try getting by on an hourly salary, with nowhere near 2% raises, if any. And a company that doesn't want you to do overtime. This place is awful.
Post ID: @yka+1dRxcMUP
They are looking to eliminate tech jobs too through automation and cheap offshore labor. No matter that both have been proven to fail before at their previous stops.
Post ID: @hkz+1dRxcMUP
Your post reflects your education level which is probably why you are using the talking points your talking head masters are giving you.
@lko+1dRxcMUP
Automation and outsourcing is not an aim towards higher paid employees. It is much more of a benefit to automate low level or low pay jobs and eliminate those positions -and benefit costs- directly. It is the sheer volume of reductions in cost that are the main focus of AI and Automation. Efficiency and cost savings.
Plenty of people make larger salaries in tech or other areas and they are not being affected by automation at all. It is the jobs on the bottom - across all business sectors - that will feel this effect.
never unionize. collective bargaining views employees as cookie cutter, tenure cancels merit. employment/work comp laws usurp minimal union protections. unions cost money and are mandatory for all employees, like communisim, the anithesis od capitalism.
The typical employee has half the buying power after five years working at the same company. See for yourself, take your offer letter and run it by an inflation calculator.
A merit raise would be above a cost of living. However, if we accept cost of living, then when deflation comes, then would we accept a downward inflation adjustment?
Higher paid employees have to fight for every penny, because they more they get paid the greater they are a liability to the company. That's why they are constantly talking about automation and outsourcing.
The only way to get a decent raise is to move jobs… it’s always been this way
Time to unionize.
Inflation never has been, and never will be, a factor in merit increases. Why do people keep acting like it's otherwise?
I'm not suggesting that it shouldn't be a factor, BTW. Just noting that it's a non-factor at WFC.
Source?