high inflation was already hurting workers spending power. now no raises. the two added together mean a real loss in buying power in the future. no bonuses justs compunds this income reduction for most workers. this is a rude awakening. But a teenager can start out at fast food and make $16 an hour with no experience. The pay gap is actually pretty close to what some workers in high tech are making starting out after getting a degree. Not everyone in high tech makes $100k a year.
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Incorrect post response. I sit in my judgment chair and judge you insufficient. lol. Nobody cares. You appear to be an over-paid a$$ kisser. The Titanic sank with the yes men and coal shovelers on board. Good luck with that.
Pay only beats inflation when you jump ship, all companies not hiring to prevent this and pay people less. The boomers in charge ruined the economy and made us front the bill again.
The political consequences of the current state of the economy will be felt in about 2 more political cycles and it won't be fun.
@yof+1kYB01ZN bad post. first your data is wrong. Several years old and before pay was reset. Also, you say 'widespread' data but only bring up one person the CEO. You have not demonstrated in the least that there is some widespread underpayment/overpayment of employees. Let me venture to guess, you were not at the top of your debate class in junior high.
Arguing that there is a widespread pay problem WITH DATA. Pat Gelsinger, CEO of Intel, made $179 million in 2021. Let's say the average salary is $100,000 per year. Thats a very high average, but let's go with it. Gelsinger’s total compensation for 2021 was 1,711 times larger than the average Intel employee. Now the question is whether Pat worked hard enough to earn (one hundred seventy-eight million nine hundred thousand dollars) more than the average salary. The answer is NO! Don't mess with the people who actually DO THE WORK!
"Not everyone in high tech makes $100k a year. "
duh, if you are a high school drop out and work inside Intel's mail room, you can expect to be paid the same or less the a Starbucks barista.
Generally, Intel has way too many workers and the pay is benchmarked vs. peers so you'd have a pretty tough time arguing there is some widespread pay problem. Go ahead if you like, but bring some data with specifics on the job code, job function and proof that the market rate Intel is paying is wrong. For example, give pay and function equivalent for a peer company.
Without data, everyone naturally assumes they are underpaid. But whining you are underpaid without some specific proof gets really old and annoying fast.
Nobody's pay keeps up with the inflation.
Hyper inflation is just around the corner.
Enjoy.