this post was submitted on 14 Apr 2024
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What would happen if your employer said you would never again get a raise? Most people would probably start looking for another job. At a minimum, they expect their long-term income to keep with inflation.
But if employee salaries are expected to grow over time, then so are the company revenues that pay those salaries. A company whose revenues stop growing is like an employee whose salary stops growing. They will not last long at whatever they are doing.
You're talking about inflation. That's not perpetual growth. It's completely different.
Profits that rise to keep pace with inflation are not considered growth.
"Growth for the sake of growth is the ideology of the cancer cell". It's also completely unsustainable long term.
So, if I'm making enough money to not get in the way of happiness and my boss said I'm not getting any more raises? Wait, I've already been there for several years having hit the top of my pay scale. Why would i care as long as we're getting our annual COLA to keep pace with inflation?
Businesses do not need to constantly grow to be successful (which, before you get pedantic about the precise wording the person you replied to used, is what they were referring to, not the literal increase in income at any level just to keep pace with inflation)
The vast majority of employees are not at the top of their pay scale. If you told them their salary will never grow faster then inflation, unlike you they would look for another job.
The average growth in corporate income over the past two decades is 4%/year. That's comparable to what the average employee expects from their long-term salary growth.