Actually got a 3% raise
Actual inflation was 10.5% at the timeMany employers in my country are now just giving a raise to their senior executives , management and above , while keeping the low level employee wages stagnant !
"We’re making record profits!!!..
…No Steve, you can’t have a raise. Here’s a bag of Fritos!"
Don’t forget the company meetings where leadership says things like “this is the best quarter we have ever had”, along with “we need to work harder to stay competitive”. Sigh.
“Despite making record profits, we still didn’t hit EBITDA this year, therefore no bonuses or raises. Merry Christmas!”
That’s not true. The senior management team will be getting raises in line with inflation and also huge bonuses for those record profits. Not to mention their share value increasing.
You guys need to unionize and fight for raises that exceed the inflation rate. Here in Brazil, we have this in almost every type of labor.
Five years ago, the right-wing began dismantling the unions’ monetization system in an attempt to break them, and they also raised the retirement age. However, the unions are still doing their job, and every year we receive a raise above inflation.
The current left-wing government has already said that they are working to recover a monetization system for unions. They are studying a way to implement this in a manner that will make it difficult for a future government to repeal.
