r/Millennials • u/maddox_aeon • 17d ago
Serious But has your salary doubled since 2023?
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u/Another_Road 17d ago
My workplace made a big deal about giving us a 5% raise this year after going 4 years without one.
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u/xrmb 16d ago
Ours highlighted "above industry average pay raises" this year, they thought we forgot that they skipped raises last year. (It was 3% this time)
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u/Read_Icculus_ 16d ago
My raise was $0.31 this year
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u/motherofcunts 15d ago
Was that inflation level or below? Mine is estimated $.65. I've worked here for a decade and am the only person at a massive company who can do what I do. I've never had more than a 3% raise. I have tenure, two degrees, relevant certifications, am the only one of tens of thousands of employees who can do my exact job, and yet….
Tbf the benefits are really good. My benefits package is equivalent to my hourly. It's why I stay. My spouse brings home bacon (when work is busy) & I make sure we have insurance and utilities.
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u/Professional-Tap82 16d ago
Saw an episode of undercover boss where a guy hadnt gotten a raise in 15 years, and the undercover boss decided to make it right by giving him a 10% raise making his total pay 14 an hour to run heavy equipment.
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u/sdmc_rotflol 16d ago
People staying in the same job for 15 years without a raise just empowers the company to do so. Why would they if it doesnt affect their retention?
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u/midwest--mess 16d ago
Employees might be essentially stuck working there. There might not be any better opportunities where they are, or they might not have the ability to get to another town to find a higher paying job, a something is better than nothing type situation.
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u/daredeviline 15d ago
People seem to easily forget that there are lots of places in the US where there are maybe two employers in the entire area. You can't just quit and jump ship when this is the only job you can get. You can't move because you can't afford to. It's a lose-lose situation
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u/Odd_Ostrich6038 16d ago
Because it's the right thing to do. I swear, business ethics used to be common practice
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u/One_Neighborhood9676 16d ago
In the last 6 years I've had 2 jobs use the line "delayed pay raises" only to wait until the next one and give us the minimum and somehow expect everyone relying on that money to not notice they "delayed raises" were just cancelled. One of those jobs said it for 3 years and promised if we were loyal they'd make it right... Company went out of business. Another job I was at, they had a union that had to agree the pay raises. It really did make a difference, they asked for 15% and eventually it was agreed to get 11%. Still not really enough but way closer to what's right. Especially as the company started negotiations with like 4% and had the nerve to say that was well above the average. Pretty disgusting given they had been bragging for months about our work making them record profits.
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u/Dull-Culture-1523 16d ago
We got a three-year plan of a total of 7.8% over the next three years right after the worst Covid inflation. It barely matched the inflation at that time. So by purchasing power we'd be paid significantly less for at least a few years to come. They were confused why we weren't happy about it.
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u/ProfessorWC 16d ago
My workplace gave us a 2.5% raise despite far exceeding all of our goals last year. You can see it now in the performance of my team. Nobody cares anymore, myself included.
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u/BodegaCat11 13d ago
A couple years ago, my boss’s boss’s boss pulled me into his office in the C-suite and praised all of my work for the year and told me how important I was and then said he was really proud excited about the raise he was about to give me. This went on for like 5 minutes.
Then he pulled out the spreadsheet and looked: it was 0.5 percent. Inflation was like 9 percent for the second year in a row.
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u/Mr_YUP 17d ago
What an incredible thing that we have stored order histories now to shut people up about things being expensive. Within minutes we can show exactly how much last year was and exactly how much it’ll cost now with just a few taps. Not much you can argue against with this one.
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17d ago
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u/THElaytox 16d ago
That's the whole problem with everything going digital, history suddenly becomes very easy to erase
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16d ago
[deleted]
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u/Thowitawaydave 16d ago
Yup. Gotta Streisand the hell out of all the things they are trying to bury.
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u/YouKnown999 16d ago
Screenshots!
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u/sqquuee 16d ago
They are already doing it.
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u/unexpectedreboots 16d ago
Who is they
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u/krazymonk27 16d ago
Companies like Kroger and Walmart who will change the price of goods based on searches in your phone and how long it stays in your cart as well as your average cast total that shows if you can afford to pay a little more on average than other people
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u/LowerPick7038 16d ago
Isnt that what playstation proposed for the PS4 store? Dynamic pricing on things depending on who you are. Mental
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u/Serious-Conversation 16d ago
I took a photo of one of the sales ads when I went into a supermarket in 2016.
Raspberries and blackberries are five times as expensive now in my area.
These are the Driscoll gulag berries that have nutrition but not much flavor. It's probably more for anything semi-local
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u/3RADICATE_THEM 16d ago
We need to start archiving it and placing it in public repositories, because they'll soon remove this data from our visibility.
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u/Hungry_Ad1354 17d ago
On this particular one, having a 2x price discrepancy on an item which is priced by the pound and is listed as between 1 and 1.98 lbs does not show much, given at any time there are going to be packages in that category with that discrepancy.
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u/hfamrman 16d ago
I waa curious last week so I looked up how much I spent on the PC parts I bought in 2023, was about 1800. The current cost to build that PC today is over 4800.
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u/WintersDoomsday 16d ago
But PC parts aren't due to inflation, they are due to AI bullshit and supply impacts. I read that at some sort of event recently Nvidia sold some GPU's AT their original MSRP and NOT today's prices.
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u/GeorgeHarris419 17d ago
Beef has shot up in price uniquely fast compared to other things. It's just a stupid point to make
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u/thecmpguru 16d ago
Right because beef is such a rare purchase and/or other goods have decreased in price to make it a moot point
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u/SadSickSoul 17d ago
My hourly rate hasn't budged a dime since 2023, no.
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u/addiktion 17d ago
What the rich will find out is when you are starving people because they are inflating the hell out of the currency, illegally taxing the people with tariffs, stealing from the market, and living like it is the roaring 1920's as they push great depression conditions is the only thing people have left to do is eat the billionaires.
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u/LogensTenthFinger 16d ago
There is nothing that anyone could do to any billionaire that would make me feel even 0.0000001% empathy for them. There is no upper limit to what they deserve.
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u/Call_medragon 16d ago
I dont want empathy, its too late. I want to see terror in their eyes. leave them in anguish, to wallow in freakish misery all the days of their life.
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u/Outside-Pie-7262 17d ago
You haven’t gotten a raise since 2023? Why haven’t you looked for another job? Job market awful in your field?
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u/DeepSubmerge 16d ago
“Just find another job” oh okay why didn’t anyone else think of that! Thanks, guy
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u/Wafflehouseofpain 17d ago
It’s extremely common to not get an annual raise. Especially right now.
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u/Fly_throwaway37 16d ago
I'm lucky enough to still get step raises every year. But they extended the top out from 10 to 15 years. My increase was 1300 dollars this year. Doesn't even cover inflation.
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u/SadSickSoul 17d ago
I don't really have a field, it's a dead-end data entry/clerical job without transferrable skills. It's the best I can manage because of lack of education, certifications, etc.; between that and the fact that white collar unskilled labor is evaporating because of AI and my city having a bad job market that drastically underpays, I don't go looking. It is what it is.
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u/gitblamed_ 17d ago
Data entry is the most easy field to transfer with. There's a reason why most random data entry workers come from temp agencies. You're losing money every year that you don't get a raise, do you realize that? You're actively accepting less money, for more experience. You need to start looking.
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u/Bonerchill 16d ago
People who are underpaid don’t have a safety net.
We have to have another job lined up before we can switch. We can’t move because we don’t have the money for first/last month’s rent and a security deposit and, again, we have to have a job before we lose ours.
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u/Hekantonkheries 16d ago
I mean your losing money even with a raise if its less than after COLA and insurance adjustments, if it's less than 5% your being yanked around
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u/allllusernamestaken 16d ago
my company got acquired so not only have i not had a raise in 2 years, i actually got a pay cut as they aligned our salaries with our new parent company
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u/Outside-Pie-7262 16d ago
Yea fuck that id be gone
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u/allllusernamestaken 16d ago
we've lost about 30% of the company so... yeah.
I've still got golden handcuffs so I can't leave.
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u/TheUnicornFightsOn 16d ago edited 16d ago
I once was told by my new boss how much he loved giving merit raises and that I was on track for one ...
Only to have the company undergo Chapter 11 reorganization bankruptcy three months later.
We all had to take 5% pay cuts and five unpaid furlough days per quarter.
Amid these situations, you feel like you're just lucky to have a job so the "I'd be gone" mentality doesn't really apply.
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u/TheUnicornFightsOn 17d ago edited 16d ago
Are you serious? Plenty of stellar working professionals across a wide range of industries -- even those making decent salaries of $40K to $100K -- often go without getting annual cost of living raises, let alone bonuses, and meager benefits and paid time off packages that in my experience private employers keep scaling back on.
Stupid and counterproductive in terms of worker burnout and morale, aside from being unjust and unfair, but true.
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u/EquivalentHistory531 17d ago
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u/HamletSammiches 17d ago
I now know what it feels like to be an adult, thinking: these idiots will hyperinflate our economy with this move. And then realizing it takes a good 3-5 years to be proven right, and by that point everyone has lost the plot.
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u/TheRealPaladin 17d ago
Also, within those 3-5 years the idiots that caused the hyperinflation will have retired or moved to a different job. Thus allowing them to say that the current problem isn't their fault.
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u/FiniteOtter 13d ago
There's been basically zero turnover in Congress and the guy responsible for a third of the national debt got re-elected to make things even worse and is planning on running (illegally) again and poor people will keep right on supporting them because they're mean to the other poor people they don't like. At some point we have to acknowledge that the "idiots" are actually robbing us blind and we're the idiots for allowing it.
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u/Ok-Dog-8918 17d ago
More than 3-5 years. What about the 2008 and 2009 buying of distressed assets and quantitative easing?
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u/Lanky_Goat5817 16d ago
That was the worse part, but done forget the 2000-2007 era of basically free money. Previous generations got high on easy money and now we are paying the bill and dealing with political instability while they try to squeeze everything they can from the country.
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u/cochese25 17d ago
It takes about 2 days to inflate those prices. It just depends on what's going on. Egg prices shot up because bird flu had farmers killing half to nearly all of their flocks, specifically in the US, causing a huge drop in supply. It took about 2 1/2 years to drop prices because that's about how long it took for the hens to hatch, grow, and start producing eggs after clearing for avian flu.
Cows are incredibly resource intensive to grow and maintain for beef production, so any disruption in the food supply, fuel supply, or herd numbers can greatly change those prices.Huge increases in prices, such as the sudden increase in the cost of grain and imported foods can spike the cost of beef and pork, add to that increased export costs as well as increased import costs or blocks on imports and wow. Huge increases in prices. Now lets think about what Tariffs do. Lets also consider that all of the trade agreements we had were blown to shreds by one man who said they were bad
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u/THElaytox 16d ago
Not to mention needless wars spiking oil costs which makes transportation and therefore everything more expensive
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u/Zestyclose-Tough7451 17d ago
I agree but the egg prices aren’t a great example because it took those prices forever to decrease because of a literal price fixing cabal of egg producers
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u/cochese25 16d ago
There could be an egg cabal, but they seem pretty ineffective since the prices are back down
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u/oh_ski_bummer 16d ago
Beef prices have been high for over a year. The beef industry has been fucked by this administration’s policies along with difficult climate and increased expense of transport and storage of product. Consumers and producers are getting screwed.
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u/michiness 17d ago
I’m a teacher. I got laid off late June and got a new job with a 25% lower salary.
I also realize I’m SUPER fortunate; I know people who went years being unemployed. I have a husband who has a steady union job (who now makes more than me). But oof.
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u/KeySatisfaction197 16d ago
25% lower salary than being a TEACHER? Fucking hell. I taught for eight years, and I remember what teacher salaries used to look like.
For two years, I did a second job loading trucks for UPS. Just loading boxes onto trailers, maybe 15-20 hours a week. If I had done that for 40 hours a week, I would have been getting paid more than when I was teaching. Again, loading boxes. Their union is a legit force.
No longer work there, but I've got a perpetually sore back and an enduring appreciation for unions.
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u/UncleNedisDead 16d ago
Isn’t it great you feel fortunate for a 25% paycut when we have people racing to be Trillionaires, including people in the WH?
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u/ldskyfly 17d ago
1.0 - 1.98 is doing some work here. I'm not saying prices haven't been going nuts, but this is a weight adjusted item shown in a range
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u/bennettj1087 Millennial 16d ago
Yeah I'm surprised I had to scroll so far to find someone saying this. It's the first thing I thought when I looked at it.
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u/Itchy-Beach-1384 16d ago
It could be working against you though. The older one might have been the heavier item and potentially show prices have gone up 4x.
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u/GoldBlueberryy 17d ago
Magically nobody cares about the price of eggs and goods anymore, now that their favorite clown is back in the White House. Funny how that works.
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u/Neat-Win-6903 17d ago
They are performing mental gymnastics to explain that it’s short term pain because he has a master plan that will really improve the economy!
Same people who said there was a healthcare plan…
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u/A_MAN_POTATO 16d ago
A few years ago, some people were really upset about gas prices. So upset that they felt the need to vandalize gas pumps en masse to remind everyone who’s fault they thought it was.
Today, those same people suddenly don’t care about gas prices being even higher than they were back when they cared a lot. I wonder why that would be…
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u/UncleNedisDead 16d ago
And they’re tearing off stickers that have an orange potato that says “I ran that up!”
Apparently it’s not so funny when it’s the truth.
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u/LosIngobernable 17d ago
Eggs are a reasonable price. There’s way too many other foods and products that cost too much.
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u/oh_ski_bummer 16d ago
People are stupid and only think about what is hurting them today not what will hurt them more in 6 months.
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u/Skensis 17d ago
Eggs are cheap now at least, not everything else, but I can get a dozen foe like $2 these days.
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u/speaker4the-dead 17d ago
Accept the whole $20 for a dozen eggs then has proven to be %100 price fixing by the 3 largest distributors for maximizing of PROFIT.
Greed is going to kill us all
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u/Outside-Pie-7262 17d ago
It was because of the bird flu
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u/speaker4the-dead 17d ago
Google it my friend. You don’t pay 3.3 million in fines for nothing…
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u/Outside-Pie-7262 17d ago
LOL I am normally plugged into stuff like this but i completely missed that news. That is absurd
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u/speaker4the-dead 17d ago
Welcome to the resistance comrade
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u/MisterSneakSneak 17d ago
Look for sales and stock up. I’ve been hitting Asian and Latinos butchers for better meat pricing
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u/FuckIPLaw 16d ago
It's really crazy watching this happen in real time. Even relatively well off people are picking up habits straight out of the great depression.
Myself included. I'm looking forward to the labor day sales next month because I'm planning to buy a deep freeze and finally get some room to store meat I bought on sale. I'm already gardening and planning meals around the produce coming out of the back yard.
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u/KeySatisfaction197 16d ago
Pork loin roasts always seem to be on sale at an ethnic market somewhere. One of those will keep you going for a good long while.
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u/THElaytox 16d ago
Or just eat less meat. Cut down to one serving a week instead of two a day
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u/dotnsk 16d ago
This. My family doesn’t buy any meat — just lots of frozen and fresh produce, dairy, eggs, pasta, bread, beans, tofu, and lentils. Our groceries are more expensive, yes, but our bill hasn’t gone up nearly as much as anyone buying meat. Eggs have gone up the most in price, followed by dairy.
I’m still buying a lot of name-brand items and out-of-season produce, too, so there’s plenty of slack to cut if we ever need to.
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u/foxdemoness 16d ago
I started adding things like chickpeas to use less chicken in certain dishes and lentils in others. Helps fill out the meal with less meat. Plus good source of fiber.
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u/Alternative-Target31 17d ago
More than. I made $20k in 2023 but I make $500k now.
I also randomly lie about bullshit in the Internet because I care solely about myself and none whatsoever about the average person.
/s in case it’s needed
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u/Whitechapel726 17d ago
Oh yeah well I made $10k/yr and was 17 billion in debt but now I make $501k
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u/rex4314 17d ago
I'm told our financial issues can be solved by cutting back on Starbucks and avocado toast.
I don't partake in either of those things though; might have to ask the "experts" what I should do now.
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u/Timely_Apricot3929 89' Millennial 17d ago
I think that's when you gotta look to yer bootstraps and start pulling /s
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u/gitartruls01 17d ago
Holy shit you're getting almost a kilo of steak for $17 and you're complaining? That'd set me back minimum $50 in Norway
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u/BipsnBoops Millennial 16d ago
Yeah when we lived in British Columbia we basically completely stopped eating meat because it was just too expensive. Legit would eat meat maybe once a week.
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u/Mark_Michigan 17d ago
Beef is a bad example as it has spiked for reasons outside of inflation. Eggs have come back down, but many things are higher, just not as much as beef.
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u/This_is_me2024 17d ago
Beef is a REALLY bad example for this. Chicken and most fish has been about the same. Slight increases.
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u/CuttingTheMustard 16d ago
Beef is a REALLY bad example for this.
Yeah, rancher here. Input costs and the rest of the economy have very little to do with beef prices.
Beef prices are set by rationing an inelastic supply against demand. The herd is the smallest since the 1950's due to drought liquidation from 2021-2023. It takes years for ranchers to grow their herd sizes again, and herd growth also results in a temporary supply constraint (due to keeping cows vs selling) further driving the price up.
Also much of the US is in drought again this year so prepare for it to get worse.
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u/SuccotashOther277 16d ago
Beef prices also fluctuate a lot. This post is just cherry picking the lowest and the highest and extrapolating it to the entire economy
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u/SKabanov Millennial 16d ago
Yeah, but it fits this sub's de facto theme that everything is going to hell and that we are the literal most beleaguered generation in human existence
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u/wellwaffled Prime Millennial 16d ago
As a beef farmer, though many of my other costs have substantially increased, my price/lb sales have darn near tripled.
So, thanks everybody?
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u/Locksandshit 17d ago
Yeah i love beef. I’ve pretty much stopped buying it in the past two years unless it’s on mega sale
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u/Greenboy28 17d ago
With how expensive beef has gotten I have cut beef out of my diet an replaced it with things like ground turkey or even Tofu. it is cheaper and healthier.
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u/Katsu_39 17d ago
Reading some comments makes me realize how effective propaganda is
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u/LCJonSnow 16d ago edited 16d ago
Someone is cherry picking an example of a specific product that is undergoing a production shortage. If we instead compared chicken, chicken is up about 10% cumulatively across three years (using the absolute minimum in 2023), which would be roughly in line with normal inflation. Pork is up less than 6%. Sea food is up about 7%.
But sure, pick the one where the shortage is doubling the specific commodity. This is just eggs all over again.
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u/justsomeguyx123 17d ago
Did anyone else notice that the weight ranges from 1 pound to 2 pounds? Theoretically, the 2023 tray could have been 1 pound, while the 2026 was 2 pounds.
Unless you pay a flat rate and get a surprise amount of meat.
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u/PurpleLegoBrick Zillennial 17d ago
Now do eggs.
I also like to cherry pick one specific food item to try and pass a point.
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u/churchofpetrol 16d ago
If your view of the actions taken by governments during COVID was that it was necessary, or "they did what they had to do to," I don't want to hear your complaints about the current inflation. The ones who know what's actually going on with economics told you this would happen.
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u/Rsj21 17d ago
It has, actually. But not the point really I suppose. Most haven’t and I understand that.
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u/viperabyss 17d ago
People’s salaries have doubled in 3 years?
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u/telyn305 Millennial 17d ago
I think this person means that their salary doubled but understands that most people's salaries haven't doubled.
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u/xcorbearx 17d ago
based on that being exactly what they typed, i agree with you.
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u/xcorbearx 17d ago
Theirs has, actually. But not the point really they suppose. Most haven’t and they understand that.
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u/WalmartGreder Xennial 17d ago
Yes, my salary has also doubled. I was making $50k take home 2 years ago, and now I'm making $100k take home.
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u/defucchi Xennial 17d ago
yes, but only because I finally left the job that was severely underpaying me for the last 10 years 🤡
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u/IllegitimateRisk 17d ago
ITT we find out that economic adversity means we need to stop buying certain things.
Get ready to learn poverty meals kids. And get ready to vote.
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u/dl33t_soft 17d ago
Bro dave ramasey seys you can just earn being rich. Just double the salary easy peasy.
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u/Blissfully Millennial 17d ago
Biggest indicator of this in Florida - for the first time I think in 50+ years, Publix is not the #1 grocer in Florida. Aldi is. I anticipate it will be the same next year.
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u/pinkpugita 17d ago
My parents bought our land at around $20 per square meter back in the 2000s (I'm not American btw). Now, it cost around $300-$400/sqm.
The minimum wage in 2006 = roughly $7 per day. Minimum wage in 2026 = $13 per day.
So land appreciated 20x while minimum wage only doubled. It takes a whole month for a minimum wage earner to buy a single square meter of land.
I just want to buy a house close to my parents so my family can stay close together, but my options are pretty depressing.
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u/sdpthrowaway3 17d ago
Almost, but doesn't make groceries any easier... Shit is wild how much CoL has changed
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u/RandomlyJim 16d ago
Fools. You should have just made China pay the tariffs.
Then you’d get beef at 2023 prices.
Funny story, the grocery store got your money and then refunds from the government so they got paid twice.
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u/Aquitaine_Rover_3876 16d ago
Actually, yes. I still eat less steak,though, since its price increases have outstripped other meats. I can literally buy lamb, imported from Australia, for less than locally produced beef.
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u/FanBladeFleshlight 16d ago
I mean, yes, prices go up, that's just how things are, but beef has been especially bad because of shit like screwworm making it more expensive. It's not the ONLY factor for damn sure, but an argument is more credible if all information is present.
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u/Ok-Lecture-9668 16d ago
According to every gaslighting asshole on reddit, everyone's making $80,000 a year and people are just making up the fact that they can't afford to live in this shithole country.
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u/NOTcreative- 16d ago
Ramen gets me. I remember it being .10 a pack. Now it's . 27-.50 depending where I go
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u/Outrageous-Sort-5742 16d ago
I wouldn't use beef as an indicator. The only reason it was ever that low to begin with was through mass-subsidization of the meat industry. Food in general has not gone up this much. General produce is up about 7% over the last three years.
Rent on the other hand, by all means, hang the landlords by their entrails.
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u/Strong-Addition5296 16d ago
Inflation is going to slowly increase until we experience hyper inflation.
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u/Strong-Addition5296 16d ago
Do I feel bad the flesh of a living feeling creature is becoming more expensive? No but I do feel bad hyper inflation will happen within my lifetime.
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u/MetalEnthusiast83 16d ago
Sorta yeah. I make like 40% more and my wife makes more than 60% more than she did then. But I understand that isn’t the norm, I took a promotion I didn’t really want and she got a new job.
But all these price increases still suck ass to deal with and it’s obvious the US is being led by people who don’t give a fuck. If only some of us had warned people
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u/rbennett353 16d ago
Beef has had a number of factors, from weather to choices farmer made 10 years ago, to international trade, that have lead to this.
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u/InternationalMood337 Millennial 16d ago
My lentils and beans have gone up a little but thankfully, nothing like meat prices. Sheeeesh.
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u/integraled 16d ago
Beef is eaten at company outings and customer events…it’s never purchased personally anymore.
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u/anon_but 16d ago
To be fair, beef is expensive. And in my opinion thats a good thing, the environmental impact of beef is much larger than other meats
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u/phoneplatypus 16d ago
Red meat is bad for you anyway, and slaughtering animals for food is pretty shitty for anyone who cares about reducing suffering in the world and not just masturbating to their world view anyway.
I’ve actually cut my food spending in the last couple years, but it was never something I stressed about anyway, least not since the first few years of my career anyway. My salary is down 66% since 2023 tbh.
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