Pay raises are getting smaller, but consumer prices continue to rise. If the trend in shrinking worker pay raises continues, it could mean stalled consumer spending and a halt to economic growth.Price, Margaret
the effects of monetary restraint should show through more fully over time. Core goods prices fell the past two months, but on a 12-month basis, core goods inflation remains well above its pre-pandemic level. Sustained progress is needed, and restrictive monetary policy is called for to achiev...
Imagine you recently had your annual review and learned your salary will go up just 2% this year – barely enough to keep up with inflation, and less than you think you deserve. But what’s a person to do? Asking for a raise is scary. The mere fact of asking could damage your reputa...
Although you want the meeting to be a natural discussion, do all you can to keep it on point, and reiterate the justification and reasons behind your request for a raise. Don’t “wing” it during the meeting; your manager will know if you’re making things up!
Now that you’ve sent your email, it’s time to have a discussion about your raise in person. Use these scripts as a jumping-off point and keep the points you outlined as to why you deserve a raise handy so you can reference them as needed. ...
Under the bill, any adult, both men and women, engaging in sexual contact with anyone 16 years old or lower would be committing statutory rape. For more than a century, the minimum age has been 12. "Today, the senate has finally and clearly said no to child rape. Today...
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Gross domestic product was expected to grow at an annualized pace of 1.3% this year, up from 0.7% in an April poll. The unemployment rate will average 5.4% in 2023, according to the median forecast, only marginally above the current 5.2%. Inflation is not expected to ...
“why.”Life circumstances (childcare costs, a partner’s job loss, inflation, home buying) may be what’s driving you to make the ask. Unfortunately you can’t lead with the reasons why you need to make money. The “why” in why you deserve a raise needs to be the work you’ve ...
which probably isn’t enough to keep up with inflation. However, if that employee also takes home a $4,000 bonus, their total compensation jumps 6% (1% base pay increase plus 5% bonus). Based on nationwide figures, this reward would have...