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!🤦♂️