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Still, when you say "wages are still rising" you mean companies are, on average, offering slightly higher pay to new hires. That doesn't help anyone who has been working the same job since covid started. All they see are higher prices. Averages can be useful metrics but this particular average means fuck all to a huge chunk of working people.
It's been several years since Covid started. If your job hasn't given you any annual raises in that time, what the hell are you doing still working for them?
Not being white collar who can move wherever they want and constantly get raises. There's a gigantic portion of the workforce that doesn't have that option.
As a blue collar worker ANY job change comes with a gigantic pay cut...
I've been in the same loop for 15 years now... Spend 5 years at a company, get slight raises, leave for a new job for my mental health, take pay cut, repeat.
Do you still have some notion of "faithfulness" to a company? If they don't rise your salary to market value, you ask for it. If they refuse, you find someone who will. Be the new hire.
I'm sure that works for some people but it's not a universal solution. It's like telling someone who complains of high home prices to just move somewhere else. Yeah, in the scenario where you can make that happen it will likely help but it ignores the complexities of life that make such a solution impractical for a multitude of reasons.
Well, things can't be all that bad if someone isn't wanting or willing to change things. Like I get some scenarios in life make things extremely complex but if something is really a problem, you don't sit on your hands and do nothing about it.