Re:Microsoft Freezes Salaries for 2023
by bee_rider on Wednesday May 10, 2023 @02:04PM
(#35891021)
I think this is a general issue.
An inflation measure is defined by a particular basket of goods, and sometimes their prices move for good reasons. We shouldn’t expect it to always cancel out in such a way that our salaries end up with exactly the same buying power for those particular goods.
But my cost of living is factored into whether or not I’m making enough money to, uh, live. My code output is not very good while I am dead.
An inflation measure is defined by a particular basket of goods, and sometimes their prices move for good reasons. We shouldn’t expect it to always cancel out in such a way that our salaries end up with exactly the same buying power for those particular goods.
But my cost of living is factored into whether or not I’m making enough money to, uh, live. My code output is not very good while I am dead.