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A comment on Payroll employment rises by 353K in January; unemployment rate remains at 3.7%. Parent comment

Re:Payroll employment rises by 353K in January; unemployment... by alephnerd on Friday February 02, 2024 @09:45AM (#39229095)
Average Wages have been growing faster than inflation. [0]

You don't feel it in SF/NYC/Boston/Seattle but that's also due to industry skew, and you absolutely feel the economic change in cities like ATL, Phoenix, Columbus, etc

In the tier 1 cities I mentioned, wages are growing much slower than the cost of living, but that isn't true for the rest of the country anymore.

[0] - https://www.statista.com/statistics/1351276/wage-growth-vs-i...

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Re:Payroll employment rises by 353K in January; unemployment... by CapitalTntcls on Friday February 02, 2024 @10:13AM (#39229492)
Last years inflation was 10% in my country. I only got 3% raise because having higher raise would "increase inflation". I'm still able to afford my lifestyle but I don't have the same from 4 years ago.
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Re:Payroll employment rises by 353K in January; unemployment... by alephnerd on Friday February 02, 2024 @10:16AM (#39229533)
> Last years inflation was 10% in my country

This is a conversation about America, not your country.

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Re:Payroll employment rises by 353K in January; unemployment... by lotsofpulp on Friday February 02, 2024 @01:58PM (#39232696)
> I only got 3% raise because having higher raise would "increase inflation".

You only got 3% because you were not able or willing to find a buyer to give you more than 3%. Any other reason is just the buyer being polite.

Obviously, this works both ways too.

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Re:Payroll employment rises by 353K in January; unemployment... by eru on Friday February 02, 2024 @08:57PM (#39236915)
Which country is that? And who made that excuse that you quoted about inflation? That sounds like something that would be very weird for a private employer to say; so I assume you might be in the public sector, or something with very highly regulated wages?
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