How are you handling salary/compensation with high inflation?

Having lived through the sustained high inflation period of the 1970s this seems to me like next to nothing. Careful shopping finds most staples haven't really changed. The inflation we are seeing is mostly in very specific products and much has already faded. Wood products are nearly back to normal and shipping is falling fast.

The inflation that I really worry about is the increasing extremism driven by social networks with their likes and bubble forming algorithms.

Supply chain is still struggling. Chip shortage is still a problem.

I cannot buy a car at a reasonable price. I'm in manufacturing and our company is constantly rising prices due to shipping issues and high cost to ship overseas.

This will pass, imo but I'm not an economist. I'm just a schmuck with CS degree that can tap a keyboard and produce some code.

I got a MASSIVE (50%) raise this year so I'm going to wait till my next review to worry about inflation.

Inflation is just the beginning - I've been trying to ramp up on the relevant economics and I'm developing a picture of what's happening. Focusing on prices I think is a mistake, the issue is beliefs/trust/future expectations. Inflationary fears create a dearth of trust, driving people to demand "more" for "less" (i.e. >1.0 return on the dollar). This creates inflation, which exarcebates inequality, and ultimately prices most people out of the market. Once this occurs, demand implodes and the real pain is the ensuing deflation.

Basically what we're seeing is the inevitable collapse of 50 years of supply-side economics (or "Reagonomics" or "Trickle Down Economics", as it's often referred to as). The inevitable result of this is wealth stratification and ultimately demand implosion.

The next 10 years should be interesting.

I had an employee bring it up this summer during his annual review. We adjusted his salary based on that.

I’m due for a good raise. Been doing senior level work, even better than random seniors on our team. I asked today for a 22-23% raise, plus I believe they’ve already put me in for a promotion.

We shall see. I feel like at big corps they want to nickle and dime you. All while there’s people at my rank who do absolutely nothing and submit a PR a month or so.

I live in Argentina, we breathe high inflation.. it's not nice, but good companies will compete on how to handle this, currently:

- Some companies pay part of the salary in a stronger currency (USD) - I get this is probably not viable for your current scenario, and it a perk I don't actually get, but my wife does.

- Some companies have quarterly or bi-monthly inflation rate adjustments, this is semi-automatic, we subscribe to an independent party that measures inflation and whatever number they come with goes, this is because Argentina has a history of fudging the numbers to make the government look good.

It will still require adjustments from the individuals, even if you have a cooperating employer, for example you probably want to buy stuff as soon as you get paid, otherwise you are losing money.

I switched companies. Why wait for CoL increases when you can get 20% jumps?

The best thing you can do for your personal and our collective compensation right now is to quit and seek a higher, more equity-based employment offer elsewhere.

I'm going to see what happens with my annual COL adjustment. If they give me 1-2%, they're going to get a strong protest. If they ignore that, I'm likely to start looking.

Why bother giving them the protest? Because they've been a good place to work, and have mostly been sane in how they make decisions. If they blow one, I'll give them a chance to fix it... for a little while. Probably not forever, though.

I have every quarter a salary review to match inflation

> Have you broached this subject with your company/ boss?

Yes. The answer from the company is that they believe in mainstream economists (including those at the Fed) who are saying the inflation is transitory. So compensation will not change beyond the usual salary raises / bonuses / equity refreshes etc.

Keep in mind the COLA for social security was 5.9% percent this year.

Im going to be negotiating off of that figure.

They announced 6.2% inflation, but I believe the actual number is bigger than that. I found the solution six months ago: Bitcoin. Before that, I was a value investor, and I thought Bitcoin was a scam, a hype. But after I read "The Bitcoin Standard" by Saifedean and went down the rabbit hole, I truly believed Bitcoin is the best store of value.

The easiest strategy is dollar-cost averaging Bitcoin. You can learn more about it here: https://dollarcostbitcoin.com/

Finding a new job is always the easiest way to get a raise.

I'm predicting a 5-out-of-5 review, again, and a < 1% raise, again, while my employer posts record profits quarter after quarter, and the executives get 50% raises every year.

things are gonna collapse soon, so I'm going to chill here until that blows over, while being thankful to have a job, and then I'll probably move on to a company that looks better on paper but proves to be somehow even worse with raises in reality.

I regret having kids, because they are going to have a very difficult time.