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Explaining the inflation rate (lemmy.world)

submitted 3 months ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] Akagigahara@lemmy.world 1 points 3 months ago

I think what they meant is if you receive that raise capped or uncapped. Some places have set wage increases based on years worked until a certain ceiling.

So if you have this annual increase and that capped increase at the same time, you might only beat it because of the additional capped increase. That would mean, at some point, your increase in wages will not catch up with inflation anymore