Thread: Attrition
View Single Post
Old 01-12-2022 | 06:39 AM
  #422  
sioux8ships
Line Holder
 
Joined: Dec 2018
Posts: 508
Likes: 5
Default

Originally Posted by Excargodog
Yeah, well inflation numbers like this ought to open some ears up…



Not corrected for inflation, you lose 7% of your purchasing power a year. So at the end of a five year contract with only a 2% per year kicker, you could be down to (0.95)^5 or roughly 77% of the purchasing power you had on day one of the contract.
Isn’t it nice to know we’re making less today than we made yesterday!🤦‍♂️
Reply