Quote from: lepbagong on May 20, 2024, 07:09:56 AM

Quote from: justdimin on May 15, 2024, 06:41:00 AM

Stagnant salaries are a big problem, in my country salaries are not going up a lot, I mean maybe just a little bit, but it is not even 20% of the inflation. Which means that everyone in the whole nation got a lot poorer and there is nothing we can do.

Overpopulation and education for all meant that we are going to have a lot more people fighting for the same jobs, and since there isn't enough jobs available, that means some people will be unemployed, and that means the workers can't ask for a raise, since there are many unemployed who are waiting to take their place. This was done on purpose, but unfortunately it doesn't really feel like it is going to end up making any type of money for anyone, and that seems like the problem.

Giving an increase when inflation occurs should be done, but sometimes companies cannot provide it according to inflation, because if they do, the company will experience losses and the company may close because of the losses received.
So that quite a few companies do not pay inflationary increases as long as they can hire employees and not lay off jobs.
Every year there will continue to be growth in jobseekers and there could be more than the availability of jobs themselves and this is a dilemma, so that companies can cut jobs by replacing them with new workers whose wages are cheaper.

I could not get the point; if there is inflation, whatever that company is doing should increase their revenue, if there is a product you sell for 5 dollars, you should sell it for 6 dollars because there is inflation. If your revenue increases, then the salary of the people who work there should increase as well.

If the company goes through an inflation period, without increasing their revenue, then they are doing something wrong and in that case making a loss would be their own trouble, they should figure out how to do better. Just because a company is mismanaged, doesn't mean that workers have to pay the difference and work for cheaper. Even if you give people a raise lower than the inflation rate, they are not getting a raise, they are getting less because of inflation.