How inflation affects pay raises
Business Management Daily
SEPTEMBER 6, 2022
If you work a job long enough, you eventually come to expect a salary increase, just as most companies expect to give you one. But what happens when the raise you receive ends up leaving you with less money than you had before? How is that even possible? One word: inflation. According to the Bureau of Labor Statistics , 2022 saw a historic rise in cost of living items across the board.
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