Originally Posted by
Aldo Raine
many employers offer pay increases based on CPI, usually rounded down to the nearest whole or half percent. 3.2% increase in CPI? You get a 3% pay hike. 4.8% increase? Ok, you get a 4.5% hike. CPI flat, say less than 1%? Maybe you get nothing other than your annual step increase, or a .5% hike.
Ask your friends how many of them got a 9.1% merit pay raise over the past year (not because of a promotion) I’ll save you the trouble. The answer is zero.