No, I simply pointed out that inflation is a distinctly different beast. Salaries going up or down is one thing. Inflation going up or down is an entirely different thing altogether.
No, I simply pointed out that inflation is a distinctly different beast. Salaries going up or down is one thing. Inflation going up or down is an entirely different thing altogether.
And when the rate of inflation is greater than the increase in salaries, net purchasing power goes down. It's that simple. You are trying to make your point with a salary statistic that is not adjusted for inflation, and that tells a completely different story when inflation is adjusted in. And, once you take out government jobs, the situation is even worse in the private sector. And in IT, when you couple salary decreases with inflation, net purchasing power went down around seven percent. That's pretty damn significant.